This research examines flood risk and adaption to it, including the possibility of out-migration, in two flood-prone coastal locations in the Philippines through the lens of Protection Motivation Theory. Much of the country is at risk of coastal flooding due to sea-level rise and from severe weather-related events. The data analyzed were obtained in 2016 and 2018 from focus group discussions with local residents, individual interviews with local government officials, and field observations. Residents' and officials' reports reveal a number of consistent themes in both places and over time, with some important differences. Both locations were grappling with regular minor to moderate flooding in 2016, as well as with occasional severe flooding. Respondents reported serious economic, health, and safety threats associated with flooding events. Recent infrastructure improvements appear to have reduced routine flood risk in one location, but considerable risk from major storms remains in both places. While some housing has been abandoned because of flood damage, and while some better-off residents have moved away, most are not currently considering retreat as a near-term solution. Instead, most people are adapting in place and attempting to devise strategies to mitigate flood risk in their communities.