Table 1

Variable Definitions

VariableDefinition
Estimated riskWhat do you think the probability is your home will be hit by a flood in the next 30 years? (0-100)
Neighbors move %Estimate of % of neighbors that would take a buyout (0-100)
InhabitantsNumber of people living in household
Years in townHow many years have you lived in your town?
Family in townHas family in town
Neighbor talk dailyI communicate with my neighbors daily
Environmental concernAgree buyouts are good for the environment
OceanHome in V-zone: subject to wave action
Ever claimHas made a flood insurance claim on your home
Ever claim >$25kHas made a claim for more than $25,000
Home value $100-$250kHome value is $100,000-$250,000
Home value $250k+Home value is $250,000 and higher
Has insuranceHome is currently covered by flood insurance
Premium ($)Annual flood insurance premium
Premium savings ($)Amount per year would save on premium if take coupled buyout
Home raisedHas your home ever been elevated?
Income $70k-$149kIncome $70,000-$149,000
Income $150k+Income above $150,000
Age 35-54Age 35-54
Age 55+Age 55 and older
College degreeBachelor’s degree completed
Advanced degreeAdvanced degree completed
WhiteWhite
BlackBlack