8 states where flood insurance coverage is drying up

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Due to climate change, natural disasters have become more intense, leading to more damage when storms occur. With more flooding and more opportunities for flood damage, homeowners should be looking into policies with flood insurance

Read more: Floods will cost GSEs, VA, FHA $275 million this year: study 

States in the eastern part of the United States, which are more likely to face these storms, are seeing a decline in properties with flood insurance policies between 2023 and 2024. On this list, Pennsylvania saw a 3.94% drop in properties with flood insurance coverage

Read more about the states with flood insurance problems.

Source: Neptune Flood

State Percentage of properties with flood insurance Number of policies 2024 Number of policies 2023 YoY percentage change in coverage
Florida 12.00% 1,089,386 1,076,596 1.19%
Georgia 1.56% 65,571 68,093 -3.70%
South Carolina 6.45% 138,124 142,505 -3.07%
North Carolina 2.64% 115,035 118,018 -2.53%
Pennsylvania 0.74% 40,755 42,426 -3.94%
New York 1.65% 134,127 135,856 -1.27%
New Jersey 3.78% 138,730 141,792 -2.16%
Connecticut 1.61% 24,073 24,343 -1.11%
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Connecticut has 1.61% of properties with flood insurance.
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New Jersey has 3.78% of properties with flood insurance.
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New York has 1.65% of properties with flood insurance.
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Pennsylvania has 0.74% of properties with flood insurance.
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North Carolina has 2.64% of properties with flood insurance.
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South Carolina has 6.45% of properties with flood insurance.
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Georgia has 1.56% of properties with flood insurance.
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Florida has 12.00% of properties with flood insurance.