In Vanuatu, discussions are ongoing on increasing insurance availability for TCs and droughts, but standardisation of housing designs to get insurance can become difficult where the costs make it prohibitive and run counter to traditional building designs and materials . Empirical evidence from Belize, Grenada, Jamaica and St. Lucia indicates that there are also other factors why people do not take insurance, including 'the cost of premiums , lack of trust in insurance companies , having never considered insurance , a lack of need for insurance  and a lack of knowledge of insurance ' . Increasing trust could be addressed by seeking out domestic banks or credit unions with whom people are already engaging with, while also using social marketing campaigns to raise awareness of weather-related insurance to address knowledge gaps and lack of awareness of these tools . In Dominica, many coastal fishers are suspicious of insurance schemes given past experiences of not being paid out on time or having to disclose catch data . Yet, insurance is not capable of addressing all kinds of losses and damages accruing from climate impacts and should be used as an adaptation strategy in combination with other strategies .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report