Owning a home in coastal Connecticut can be expensive.
So ever-increasing premiums for flood insurance through the federal government’s National Flood Insurance Program are making the policies a hard sell, despite more heavy storms hitting homeowners in areas at risk of flooding, according to data compiled by the Associated Press.
Connecticut is one of 43 states where the number of people paying for flood insurance has gone down in the last five years.
According to the Associated Press analysis, 6 percent fewer people have flood insurance policies in New London County this year than were insured in 2012, and the number of policies is down in all Connecticut counties but Middlesex County.
Diane Ifkovic, Connecticut’s flood insurance coordinator, said the drop in policies can be attributed to two pieces of legislation: the Biggert-Waters Flood Insurance Reform Act of 2012 and the Homeowner Flood Insurance Affordability Act of 2014.