Home Insurance in Cumberland, Indiana
The median home value in Cumberland is $239,200, 13% lower than the Hancock County median.
The typical home in Cumberland was built around 1984. About 14% of homes were built before 1960, about 4 points below Hancock County's 18%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Cumberland is 82% single-family homes and 10% apartments in buildings with 5+ units.
60% of owner-occupied homes in Cumberland carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Cumberland has an owner-occupancy rate of 71% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
In Cumberland, 59% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Cumberland? FEMA's National Risk Index points to tornado (Relatively Moderate) in Hancock County and Hancock County had 194 active NFIP flood policies as of September 2026. See the full Hancock County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Indiana is $1,259 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $239,200 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Hancock County | 194 |
| Home insurance premium | $1,259 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)