Journal
JOURNAL OF RISK AND INSURANCE
Volume 78, Issue 2, Pages 361-388Publisher
WILEY-BLACKWELL
DOI: 10.1111/j.1539-6975.2010.01380.x
Keywords
-
Categories
Ask authors/readers for more resources
P>We explore determinants of flood insurance demand in the coastal zone using micro-data for nine Southeastern counties. Overall estimates indicate price inelastic demand, though subsidized policyholders have greater coverage and are more price sensitive. Mortgage borrowers exhibit no greater coverage; only 12 percent in 100-year flood zone indicate flood insurance was required by their lender. Flood insurance demand is increasing in the levels of flood and erosion risk. We find a positive correlation between household income and coverage, but the effect is not monotonic. Community-level erosion hazard mitigation projects influence flood insurance coverage, with beach replenishment acting as a complement.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available