A flood or heavy rain can seriously upset your termite defenses.
If you rely on soil chemical barriers around or under your home, these can be buried by silt and debris making a bridge for the termites. The chemicals can also be washed out, so when the water goes away, check and organise a termite inspection a few weeks later.
Water that gets into your house (but not out again) tends to soak into timbers. Termites love to eat timber that's damp. Fungi (rot) also has a better time and wood that's partly rotted by fungi is often tastier for termites.