Journal article
Experimental Evidence for Coverage Preferences in Flood Insurance
Abstract
We used a hypothetical choice experiment to estimate the effect of dwelling value and coverage limits on the probability of purchasing flood insurance while holding the probability of flooding and insurance price constant. The results indicate that demand for flood insurance is negatively associated with the amount of insurance coverage. For people assigned higher-valued dwellings, however, the opposite effect is observed. Since more coverage …
Authors
Darlington JC; Yiannakoulias N
Journal
International Journal of Disaster Risk Science, Vol. 13, No. 2, pp. 178–189
Publisher
Springer Nature
Publication Date
4 2022
DOI
10.1007/s13753-022-00397-3
ISSN
2095-0055