On January 30, 2025, the Connecticut General Assembly's Insurance and Real Estate Committee convened an informative forum aimed at educating property owners about the critical importance of flood insurance. With the increasing frequency of severe weather events, including hurricanes and heavy rainfall, the discussions highlighted the necessity for homeowners and renters to consider flood insurance, regardless of their property's location in relation to designated flood zones.

Key speakers, including representatives from the National Flood Insurance Program (NFIP) and the Connecticut Department of Energy and Environmental Protection (DEEP), emphasized that flooding is the most common and costly natural disaster in the United States, affecting nearly every county. Notably, it was stated that just one inch of floodwater can cause approximately $25,000 in damages, underscoring the financial risks associated with inadequate insurance coverage.

Butch Kurnerney, NFIP's Chief of Partnerships and Outreach, provided a national overview, revealing that about 40% of flood claims originate from properties outside high-risk flood zones. This statistic serves as a crucial reminder that flood risks are not confined to areas traditionally recognized as flood-prone. He urged attendees to purchase flood insurance well in advance of storm seasons, as policies typically have a 30-day waiting period before becoming effective.

Diane Iffkovic, the NFIP coordinator for DEEP, highlighted Connecticut's unique position as the only state with 100% participation in the NFIP. She explained that all property owners in Connecticut, regardless of their location, can obtain flood insurance. This accessibility is vital for mitigating financial vulnerability in the face of potential flood damage.

The forum also addressed common misconceptions about flood insurance, clarifying that standard homeowners' policies do not cover flood damage. Participants were encouraged to seek flood insurance through private carriers or the NFIP, which offers policies that cover both residential and commercial properties.

In conclusion, the forum served as a crucial platform for raising awareness about flood insurance, emphasizing that proactive measures are essential for safeguarding homes and communities against the increasing threat of flooding. As climate change continues to influence weather patterns, the discussions underscored the importance of being informed and prepared for potential flood risks. Property owners are urged to take action now to protect their investments and ensure financial security in the event of a flood.