Fire Insurance and the Inner City.

by Hanne Shapiro

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback41 pages $20.00 $16.00 20% Web Discount

First in a series of projected reports on the private market in fire protection. This report describes the problems dealing with the state of fire insurance in the inner core of major metropolitan areas. Fire insurance plays a significant role in the economic health of inner-city neighborhoods because most financial institutions require a property to be covered by insurance before they will lend its owner any money. In recent years, inner-city property owners have had great difficulty in obtaining insurance coverage. After the civil disorders of the mid-1960s exacerbated the problem, federal legislation was introduced; while it has expanded the availability of insurance, coverage is still costly or unobtainable for many inner-city property owners. The sources of the problem lie in the decay of the inner city and the refusal of the insurance industry to adapt its methods to the changing urban environment. 41 pp.

This report is part of the RAND Corporation Report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/principles.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.