The new tool is expected to benefit residents in flood-prone areas by streamlining access to flood insurance, which is critical for financial protection against flood-related damages. With New York and New Jersey already accounting for a significant portion of NFIP policyholders, this development could encourage more homeowners and businesses to secure coverage. However, the risk of flooding remains a significant concern, particularly in regions like Steuben County, New York, which has experienced severe flood damage in the past. The tool's accessibility may help mitigate financial risks for vulnerable communities.