Willingness to Pay for Fire Insurance: A Case Study in Fire Hazard-Prone Urban Areas, Bangladesh

What is it about?

This study examines the factors influencing the willingness to pay for fire insurance among adults in Dhaka, Bangladesh, a city vulnerable to frequent fires.

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Why is it important?

While there are significant barriers to fire insurance uptake, increasing public awareness and addressing trust issues could lead to greater adoption in fire-prone urban areas like Dhaka. This research offers valuable insights and recommendations for improving the accessibility and effectiveness of fire insurance in these regions.