Volcano Insurance - Is That A Thing?

With the crazy amount of volcano activity on the Big Island in Hawaii, this actually came up in conversation the other day. We've seen videos of cars being swallowed up by lava. There are reports of at least 36 structures being destroyed by lava. The video and photos alone are amazing in scope.

So the question came up, is there such a thing as volcano insurance? So after throwing that sentence in the trusty Google search bar, here's what we found out.

(Source: CNN)

With homes destroyed and lava spraying into a Hawaiian neighborhood, the concern for many homeowners is: Will the damage be covered?

That really depends on the homeowner's insurance policy and how the home was damaged.

But there's no such a thing as volcano insurance or lava flow insurance, said Jerry Bump, chief deputy insurance commissioner at the Hawaii Department of Commerce and Consumer Affairs. It's such a specialty and so infrequent, that it's not available, he said.

However, damage could be covered if the homeowner had purchased a policy that covers all risk. But that kind of coverage is rare, hard-to-find and might be very expensive, Bump told CNN. It's unclear if any of the affected residents on Big Island has that kind of coverage.

Is there such a thing as volcano insurance in Hawaii?
That really depends on the homeowner's insurance policy and how the home was damaged. But there's no such a thing as volcano insurance or lava flow insurance, said Jerry Bump, chief deputy insurance commissioner at the Hawaii Department of Commerce and Consumer Affairs. It's such a specialty and so infrequent, that it's not available, he said.

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Volcano Insurance – Is That A Thing?

Is there such a thing as volcano insurance in Hawaii?