With fewer than 2% of insured Pennsylvania properties carrying flood insurance, the Pennsylvania Flood Insurance Premium Assistance Task Force has new recommendations to make it more affordable. The problem is often cost. Families pay hundreds or even thousands of dollars per year on top of their regular homeowners insurance. A report published by the task force recommends new positions in state government, expanded grants and new tax breaks. “We’re seeing, especially now with climate change, with increasing frequency, very severe storm events,” said state Sen. Steven Santarsiero (D-10), of Bucks County, who sat on the task force. “Unless we want to see neighborhoods become ghost towns, [flood insurance affordability] is a real problem.” Read more here.
Source: WHYY; 7/3/2024