Uncertainty of Governmental Relief and the Crowding out of Flood Insurance

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Risk Preferences, Risk Perceptions, and Flood Insurance (2013, unknown): “This hypothesis is consistent with the findings of Botzen, Aerts, and van den Bergh (2009) and Raschky et al. (2010), who find a lower likelihood of flood mitigation activities among individuals that perceive disaster aid as a valid government responsibility.”
The Determinants of Private Flood Mitigation Measures in Germany – Evidence from a Nationwide Survey (2015, background): “After large events (in terms of media attention), the federal and state governments have often granted flood relief on an ad-hoc basis (Raschky et al. 2013).”
Financing Flood Losses: A Discussion of the National Flood Insurance Program (2017, unknown): “Usually, if individuals are told about assistance, this information will indeed lower their willingness-to-pay for insurance, but without such a prompt, they may not consider disaster aid at all when making insurance decisions (Kunreuther 1978; van Asseldonk et al. 2002; Botzen and van den Bergh 201”