We all know the importance of life insurance and same thinking can be applied to flood insurance.  A storm can bring alot of water into your home and cause alot of damage.  This damage will not be covered by homeowners’s insurance.  According to federal government, flooding can happen anywhere at anytime.  Most people think that they will never encounter a flood or rising water but when it happens, it is too late.  Furthermore, flood insurance ranges from $100 - $1300 per year.  Finally, make sure that you get the flood insurance policy ahead of time because they will take 30 days to go into effect.