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Disaster microinsurance can play an important role for low-income households, particularly in enhancing their resilience toward natural hazards. This insurance is a specific type of microinsurance that can be defined as an insurance for low-income people, to help them to manage risks and vulnerability toward local natural shocks. In other words, disaster microinsurance is a type of risk transfer mechanism specifically designed for low-income people who live in disaster-prone areas. The product of this microinsurance may cover financial losses caused by a large natural hazard event in terms of income, house, livestock, or other crops. This microinsurance is also known as a component of integrated disaster risk management frameworks that involve risk reduction, disaster preparedness, and risk transfer.
2. Factors Influence Disaster Microinsurance
2.1. Perception of Risks
2.2. Other Determinants
The entry is from 10.3390/su13168912
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