An Act amending Title 40 (Insurance) of the Pennsylvania Consolidated Statutes, providing for flood insurance notification; imposing duties on the Insurance Department; and imposing a penalty.

HB 1718 requires Pennsylvania insurance companies to notify homeowners when they purchase or renew a standard homeowner's insurance policy about the availability and cost of separate flood insurance coverage. The law mandates that insurers provide a clear, stand-alone written notice (by mail or email) explaining that homeowner's insurance typically doesn't cover floods, highlighting flood risks even outside designated flood zones, and detailing how to obtain flood insurance through the National Flood Insurance Program or private insurers - including estimated costs. The Insurance Department must create a model disclosure form containing these required elements and can enforce compliance, imposing penalties of up to $10,000 per violation for non-compliance. This bill directly affects homeowners purchasing or renewing homeowner's policies and insurers operating in Pennsylvania.