Homeowners Insurance With Bundled Catastrophe Coverage
研究了佛罗里达和纽约房主保险的需求，将需求分解为巨灾和非巨灾部分，发现巨灾需求价格弹性更高，且消费者更偏好扩大保障、受补贴和担保基金影响。
Abstract We estimate the demand for homeowners insurance in Florida and New York with indicated loss costs as our proxy for the quantity of real insurance services demanded. We decompose the demand into the demand for coverage of catastrophe perils and the demand for noncatastrophe coverage and estimate these demand functions separately. Our results are relatively consistent in New York and Florida, including evidence that catastrophe demand is more price elastic than noncatastrophe demand. We also find evidence that consumers value options that expand coverage, buy more insurance when it is subsidized through regulatory price constraints, and consider state guaranty fund provisions when purchasing insurance.