With hurricane season underway June 1, the Federal Emergency Management Agency says now is the time to purchase flood insurance. It takes 30 days from the day you purchase flood insurance through the National Flood Insurance Program for the policy to take effect, so FEMA suggests thinking about your flood insurance purchase now. While FEMA home repair grants provide basic, emergency assistance, flood insurance covers much more. A press release from FEMA says the average payout for policy holders in North Carolina after Hurricane Florence was $40,000, while the average annual cost of a Flood Insurance Program policy for homeowners was about $700. Purchase of flood insurance can usually be done through your insurance agent, but if your agent doesn’t sell that policy an agent who does can be found through FloodSmart.gov.