Determinants of insurance demand against forest fire risk: Evidence from experimental and real world data

Marielle Brunette (), Stéphane Couture and Serge Garcia

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Abstract: This article estimates the demand for forest insurance of French private forest owners against fire risk. We combine experimental and real world data and use a Heckman selection model to separately analyse insurance participation and coverage-level decisions. Our results showthat some determinants explain either participation to insurance (e.g., ambiguity about the probability of occurrence of natural hazards) or coverage-level decision (e.g., the past perception of a public help in real life), some of them do not allow to explain the owner's insurance behaviour (e.g., having ever suffered from a fire in the past) while the other explain both the two behaviours (e.g., a contingent fixed help program).

Keywords: Insurance; Forest; Fire risk; Ambiguity; Public compensation; experimental data (search for similar items in EconPapers)
Date: 2011-05-26
Note: View the original document on HAL open archive server: https://hal.science/hal-01191123v1
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Citations: View citations in EconPapers (1)

Published in Journées Internationales du Risque, May 2011, Niort, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01191123

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