Insurance cover is a critical question in small islands. For example, in Vanuatu, some companies do not 'cover storm damage from the sea or high tides ... which is not helpful for properties damaged by a tropical cyclone's storm surge' . There is also limited access to insurance schemes due to lower demand in small markets  especially when many people do not have high cash-based incomes and likely cannot pay insurance premiums . In St. Lucia and Grenada , discussions are ongoing with regard to national-level parametric insurance, underpinned by financing from the US State Department, to help fishing communities recover more quickly following the passage of TCs in the future . Likewise, Reguero et al.  have suggested a resilience insurance mechanism that could in theory reduce climate-related losses and damages through investments in nature-based adaptation projects .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report