IDEAS home Printed from https://ideas.repec.org/a/spr/envman/v55y2015i3d10.1007_s00267-014-0416-6.html

Flood Insurance in Canada: Implications for Flood Management and Residential Vulnerability to Flood Hazards

Author

Listed:
  • Greg Oulahen

    (The University of Western Ontario, Department of Geography)

Abstract

Insurance coverage of damage caused by overland flooding is currently not available to Canadian homeowners. As flood disaster losses and water damage claims both trend upward, insurers in Canada are considering offering residential flood coverage in order to properly underwrite the risk and extend their business. If private flood insurance is introduced in Canada, it will have implications for the current regime of public flood management and for residential vulnerability to flood hazards. This paper engages many of the competing issues surrounding the privatization of flood risk by addressing questions about whether flood insurance can be an effective tool in limiting exposure to the hazard and how it would exacerbate already unequal vulnerability. A case study investigates willingness to pay for flood insurance among residents in Metro Vancouver and how attitudes about insurance relate to other factors that determine residential vulnerability to flood hazards. Findings indicate that demand for flood insurance is part of a complex, dialectical set of determinants of vulnerability.

Suggested Citation

  • Greg Oulahen, 2015. "Flood Insurance in Canada: Implications for Flood Management and Residential Vulnerability to Flood Hazards," Environmental Management, Springer, vol. 55(3), pages 603-615, March.
    • Handle: RePEc:spr:envman:v:55:y:2015:i:3:d:10.1007_s00267-014-0416-6
    DOI: 10.1007/s00267-014-0416-6
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s00267-014-0416-6
    File Function: Abstract
    Download Restriction: no
    File URL: https://libkey.io/10.1007/s00267-014-0416-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:envman:v:55:y:2015:i:3:d:10.1007_s00267-014-0416-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.