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Flood Insurance Enrollment Down 2.5% in Pa.
Dated: March 29 2025
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​Flooding remains the most prevalent and costly natural disaster in the United States, with the average flood claim amounting to nearly $34,000 in 2024.
Despite this, a recent study by ValuePenguin by LendingTree reveals that 96.3% of U.S. households lack flood insurance, and Pennsylvania has experienced a 2.5% decline in enrollment over the past year.​Pennsylvania Association of Realtors+7Pennsylvania Association of Realtors+7Pennsylvania Association of Realtors+7Pennsylvania Association of Realtors+3Pennsylvania Association of Realtors+3Pennsylvania Association of Realtors+3
Divya Sangameshwar, an insurance expert at LendingTree, highlights a common misconception among homeowners: Standard home insurance policies do not cover flood damage. Many only seek flood insurance when mandated by mortgage lenders, leaving their most valuable assets vulnerable. Sangameshwar emphasizes the growing risk, noting that climate change intensifies weather patterns, which is expected to expand flood-prone areas by nearly 50% this century.​
The situation is particularly concerning in Pennsylvania. Of the state's more than 5.7 million homes, less than 1% are covered by flood insurance. Notably, 35% of flood insurance claims in the state originate from areas outside FEMA-designated Special Flood Hazard Areas, underscoring that flooding isn't confined to coastal regions; inland areas, especially those near rivers, are also at significant risk.​
On a positive note, the National Flood Insurance Program (NFIP) has implemented a new pricing methodology, Risk Rating 2.0, aiming to set premiums that more accurately reflect individual property risks. This initiative is expected to make flood insurance more affordable for many homeowners, potentially encouraging increased enrollment.​
Given the escalating risks and the financial impact of flooding, homeowners must evaluate their need for flood insurance, regardless of their location. Protecting your home now can prevent future economic and emotional distress.
John Rainville
Pennsylvania, Maryland and New York licensed Real Estate Broker and RealtorYour Trusted Real Estate Partner in Pennsylvania, Maryland, and New YorkAs a licensed Real Estate Broker and Realtor, John an....
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