Flooding is never any good. It can take years to get your houses/buildings cleaned out.
FYI, there is a new(er) fed law that requires insurance companies to offer flood insurance, and it dictates pricing based on your homes risk level. They just had a blurb on our news about it last week - we get major flooding every year in one or more parts of the Puget Sound area.
Edit: here is the news story (I wanted to make sure I was correct on the Federal part of the insurance deal)
http://www.komonews.com/news/consumer/59620842.html
Losi 8T 1.0, Savage Flux - XL style, LST XXL, Muggy, 3.3 E-Revo Conversion and sitting outside 425hp, 831 Tq Dodge Ram Turbo Diesel. It SMOKES