For monitoring, a license is not required.
In a disaster, a lot of the law goes out the window, but it's always good to practice, SOOOO....
I'd recommend either of the hand helds I had linked above. Is the VX-7R a lot better than the FT-60, not really. I really wanted the water resistant radio.
I'd also recommend taking and passing the Technician test. This opens the door for local area communications, involvement with ARES/RACES, and the ability to become intimately familiar with your gear. (much like shooting)