Underinsurance in cyclone and flood environments: a case study in Cairns, Queensland
Osbaldiston, Nick, McShane, Connar, and Oleszek, Raechel (2019) Underinsurance in cyclone and flood environments: a case study in Cairns, Queensland. Australian Journal of Emergency Management, 34 (1). pp. 41-47.
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Abstract
This article examines findings from a 2018 project in Cairns, Far North Queensland, on insurance and risk perception. Using a mixed-methods approach, the study explored how people regard insurance, if at all, and how they use it to reduce their risk of financial loss following a disaster event. Results suggest that while most home owners hold insurance, renters are less likely to have contents insurance leaving them financially vulnerable if losing their property. Cost of insurance is considered one barrier to taking out insurance, however, other issues such as risk perception, self-efficacy and trust in insurers are issues for both home owners and renters. The paper furthers knowledge of underinsurance in disaster-prone areas and provides vital information for understanding motivation to withdraw from insurance.
| Item ID: | 57011 |
|---|---|
| Item Type: | Article (Research - C1) |
| ISSN: | 2204-2288 |
| Keywords: | insurance; flooding; cyclones |
| Copyright Information: | Statement on publisher website: AJEM is published as an open access publication under a Creative Commons [CC BY-NC] license. |
| Funders: | James Cook University (JCU) |
| Date Deposited: | 18 Feb 2019 00:36 |
| FoR Codes: | 44 HUMAN SOCIETY > 4410 Sociology > 441002 Environmental sociology @ 70% 52 PSYCHOLOGY > 5299 Other psychology > 529999 Other psychology not elsewhere classified @ 30% |
| SEO Codes: | 96 ENVIRONMENT > 9610 Natural Hazards > 961002 Natural Hazards in Coastal and Estuarine Environments @ 50% 94 LAW, POLITICS AND COMMUNITY SERVICES > 9401 Community Service (excl. Work) > 940116 Social Class and Inequalities @ 50% |
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