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Modeling The Decision To Buy Flood Insurance: An Empirical Analysis For Coastal Areas

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  • Landry, Craig E.
  • Kriesel, Warren

Abstract

A perennial question about the NFIP is: how can participation be increased? An empirical analysis reveals that in coastal areas the voluntary participation rate is only nine percent and identifies important determinants of the insurance purchase decision. It suggests that insurance will not discourage undesirable risk management practices in coastal areas.

Suggested Citation

  • Landry, Craig E. & Kriesel, Warren, 2000. "Modeling The Decision To Buy Flood Insurance: An Empirical Analysis For Coastal Areas," 2000 Annual meeting, July 30-August 2, Tampa, FL 21880, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea00:21880
    DOI: 10.22004/ag.econ.21880
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    References listed on IDEAS

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    1. Don N. MacDonald & James C. Murdoch & Harry L. White, 1987. "Uncertain Hazards, Insurance, and Consumer Choice: Evidence from Housing Markets," Land Economics, University of Wisconsin Press, vol. 63(4), pages 361-371.
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    3. Lewis, Tracy & Nickerson, David, 1989. "Self-insurance against natural disasters," Journal of Environmental Economics and Management, Elsevier, vol. 16(3), pages 209-223, May.
    4. Barry J. Barnett & Jerry R. Skees, 1995. "Region and Crop Specific Models of the Demand for Federal Crop Insurance," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 18(2), pages 47-65.
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