08-06-2007, 06:43 AM
Glen, it hasn't changed, from what insurers have explained to me. There is no such thing as lava hazard insurance.
Homeowners' insurance covers loss to the structure due to fire and windstorm (also theft and vandalism). Lava is just a form of fire to the insurance co.
Maybe the people should have had "unknown" criminals "steal" their homes ... ;-)
In most cases of fire threat, there isn't time to move the house, maybe some personal belongings. For example, in California, in case of a wildfire approaching, it's a wait and see which way it comes and whether it can be controlled situation.
It would indeed be economically smart for insurers to have a special provision for moving structures when a fire is slow and steady enough to where the house can be moved and they can be fairly sure it won't be brought under "control" by firefighters.
Homeowners' insurance covers loss to the structure due to fire and windstorm (also theft and vandalism). Lava is just a form of fire to the insurance co.
Maybe the people should have had "unknown" criminals "steal" their homes ... ;-)
In most cases of fire threat, there isn't time to move the house, maybe some personal belongings. For example, in California, in case of a wildfire approaching, it's a wait and see which way it comes and whether it can be controlled situation.
It would indeed be economically smart for insurers to have a special provision for moving structures when a fire is slow and steady enough to where the house can be moved and they can be fairly sure it won't be brought under "control" by firefighters.