The increasing intensity and frequency of floods is one of the many consequences of our changing climate. In this work, we explore ML techniques that improve the flood detection module of an operational early flood warning system. Our method exploits an unlabelled dataset of paired multi-spectral and Synthetic Aperture Radar (SAR) imagery to reduce the labeling requirements of a purely supervised learning method. Past attempts have used such unlabelled data by creating weak labels out of them, but end up learning the label mistakes in those weak labels. Motivated by knowledge distillation and semi supervised learning, we explore the use of a teacher to train a student with the help of a small hand labeled dataset and a large unlabelled dataset. Unlike the conventional self distillation setup, we propose a cross modal distillation framework that transfers supervision from a teacher trained on richer modality (multi-spectral images) to a student model trained on SAR imagery. The trained models are then tested on the Sen1Floods11 dataset. Our model outperforms the Sen1Floods11 SAR baselines by an absolute margin of 4.15% mean Intersection-over-Union (mIoU) on the test split.