Independent Variable | Any Preevent Preparation | Window Protection | Other Risk Reduction | |||
---|---|---|---|---|---|---|
Coef. | Std. Err. | Coef. | Std. Err. | Coef. | Std. Err | |
Flood insurance | 0.173 | 0.137 | 0.377*** | 0.081 | 0.399*** | 0.085 |
Experienced damage | 0.137 | 0.131 | 0.122 | 0.081 | 0.394*** | 0.086 |
Safety | −0.002 | 0.002 | 0.001 | 0.001 | 0.000 | 0.001 |
100–year floodplain | 0.220 | 0.171 | 0.103 | 0.093 | −0.139 | 0.100 |
Distance to coast | 0.082 | 0.057 | −0.068** | 0.031 | −0.026 | 0.032 |
Hurricane Irene | −0.306** | 0.136 | 0.364*** | 0.088 | −0.100 | 0.092 |
Hurricane Isaac | −0.043 | 0.210 | 0.895*** | 0.115 | 0.171 | 0.118 |
Constant | 1.767*** | 0.245 | −1.091*** | 0.143 | −1.094*** | 0.150 |
Known Deductible | ||||||
Flood insurance | 0.048 | 0.078 | 0.048 | 0.078 | 0.048 | 0.078 |
Experienced damage | 0.319*** | 0.076 | 0.319*** | 0.076 | 0.319*** | 0.076 |
Safety | 0.002 | 0.001 | 0.002 | 0.001 | 0.002 | 0.001 |
100-year floodplain | −0.031 | 0.091 | −0.031 | 0.091 | −0.031 | 0.091 |
Distance to coast | −0.017 | 0.027 | −0.017 | 0.027 | −0.017 | 0.027 |
Hurricane Irene | 0.236*** | 0.080 | 0.235*** | 0.080 | 0.235*** | 0.080 |
Hurricane Isaac | −0.002 | 0.111 | −0.002 | 0.111 | −0.002 | 0.111 |
Constant | −0.711*** | 0.136 | −0.711*** | 0.136 | −0.711*** | 0.136 |
ρ | −0.043 | 0.075 | 0.039 | 0.047 | 0.087* | 0.048 |
Likelihood test ρ = 0 | 0.322 | 0.570 | 0.700 | 0.402 | 3.173 | 0.074 |
N | 1,369 | 1,369 | 1,369 | |||
Log-likelihood | −1,152.18 | −1,666.78 | −1,582.77 | |||
Likelihood ratio χ2 (prob > χ2) | 47.96*** [0.00] | 206.71*** [0.00] | 112.49*** [0.00] |
Note: Numbers in square brackets are p-values. “Don’t know” responses were excluded for window protection and other risk reduction as dependent variables. Regressions with the “don’t know” responses included were also estimated, and results do not differ materially from those presented here.
↵*, **, *** Statistical significance at the 10%, 5%, and 1% levels, respectively.