IMRight said: Man... if you choose to live on the ocean and BELOW sea level... you've got to plan accordingly.
That's New Orleans that's below sea level, not Mississippi.
Same difference... if you live in a flood plain you've got to plan accordingly.
You WILL eventually die... if that would be a financial burden, then you need life insurance. You will very likely need medical care over the course of your life (and lots of it). If you don't think you'll always have the savings to cover it... you need health insurance. You will sooner or later get involved in a car accident... you need car insurance if you don't have an adequate reserve.
And if you live somewhere that you KNOW will eventually flood (even if it's only once every 100 years), then you need flood insurance unless you can afford to lose your home.