000170676 001__ 170676
000170676 005__ 20180122232855.0
000170676 037__ $$a329-2016-13290
000170676 041__ $$aen_US
000170676 084__ $$aFlood insurance
000170676 084__ $$aWillingness to pay
000170676 084__ $$arural property
000170676 245__ $$aHome Owners’ Willingness to Buy Flood Insurance in Rural China
000170676 260__ $$c2014-05-29T03:27:01Z
000170676 269__ $$a2014-05-29T03:27:01Z
000170676 270__ $$mrjzheng1977@163.com$$pJinzheng,   Ren Jr
000170676 270__ $$mlllwcj2012@163.com$$pLongling,   Li Jr
000170676 270__ $$mwanghong@purdue.eud$$pH. Holly,   Wang Jr
000170676 300__ $$a24
000170676 336__ $$aConference Paper/ Presentation
000170676 490__ $$a65846
000170676 520__ $$aIn Recent years, flood damage in rural China dramatically increased as a result of more frequent and severe floods. Although the policy-oriented agriculture insurance for natural disasters has been available in China, its coverage only applies to crops and livestock, not residents’ real estate and household property.  In this paper, we investigate whether residents in rural China are willing to insure their property against flood damage and what kind of factors influence their willingness to seek insurance protection. Based on the national survey we conducted over 15 provinces in the summer of 2012, with 1322 valid observations, socio-economic, flood risks, insurance experience and region variable are analyzed using different models. The results show that there exists a strong need for flood insurance in rural China, and factors including flood experience in past 30 years, the elapsed time since the latest serious flood, income, and insurance experience influence rural residents’ willingness to participate in flood insurance. Policy suggestions for flood insurance are provided to the insurance industry and Chinese government at the end.
000170676 650__ $$aAgricultural Finance
000170676 650__ $$aRisk and Uncertainty
000170676 700__ $$aJinzheng, Ren Jr
000170676 700__ $$aLongling, Li Jr
000170676 700__ $$aH. Holly, Wang Jr
000170676 773__ $$d2014
000170676 8564_ $$s306121$$uhttp://ageconsearch.umn.edu/record/170676/files/Home%20Owners_%20Willingness%20to%20Buy%20Flood%20Insurance%20in%20Rural%20China20140528.pdf
000170676 887__ $$ahttp://purl.umn.edu/170676
000170676 909CO $$ooai:ageconsearch.umn.edu:170676$$pGLOBAL_SET
000170676 912__ $$nSubmitted by jinzheng ren (rjzheng1977@163.com) on 2014-05-29T03:27:01Z
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000170676 982__ $$gAgricultural and Applied Economics Association>2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota
000170676 980__ $$a329