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Lava flow hazard zones affect Hawaii real estate because:

Correct Answer

B) Properties in high-risk lava zones (especially Zone 1 and 2 on the Big Island) face insurance challenges, potential total loss, and are priced significantly lower than similar properties outside lava zones

USGS lava flow hazard zones (1-9, with 1 being highest risk) on the Big Island significantly affect property values, insurance availability, and mortgage eligibility. The 2018 Kilauea eruption destroyed entire subdivisions in Zone 1.

Answer Options
A
Lava is not a concern
B
Properties in high-risk lava zones (especially Zone 1 and 2 on the Big Island) face insurance challenges, potential total loss, and are priced significantly lower than similar properties outside lava zones
C
Only for commercial
D
Only on Maui

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Related Topics & Key Terms

Related Topics:

mandatory seller disclosurenatural hazard disclosureproperty insuranceBig Island real estate

Key Terms:

lava flow hazard zonesUSGSBig IslandZone 1volcanic risk disclosure

Related Concepts

Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.

Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.

Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.

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