Is the volcano in Hawaii going to damage any property?
A volcano is an opening, or rupture, in a planet’s surface or crust, which allows hot, molten rock, ash, and gases to escape from below the surface. Volcanic activity involving the extrusion of rock tends to form mountains or features like mountains over a period of time. The Ancient Romans called volcanoes Vulcano, after Vulcan, their fire god.[1] Volcanoes are generally found where tectonic plates are diverging or converging. A mid-oceanic ridge, for example the Mid-Atlantic Ridge, has examples of volcanoes caused by divergent tectonic plates pulling apart; the Pacific Ring of Fire has examples of volcanoes caused by convergent tectonic plates coming together. By contrast, volcanoes are usually not created where two tectonic plates slide past one another. Volcanoes can also form where there is stretching and thinning of the Earth’s crust (called “non-hotspot intraplate volcanism”), such as in the African Rift Valley, the Wells Gray-Clearwater volcanic field and the Rio Grande Rift in
Volcanic eruptions » Lava, gas, and other hazards » Secondary damage Property damage from volcanic eruptions is difficult to estimate because of differing value systems and changes in land use. One study estimates an average of $1 billion per year in property damage worldwide from volcanic eruptions. As with casualties, a few eruptions cause staggering damage, while most are much less destructive. The Mount St. Helens eruption in 1980 caused more than $1 billion worth of damage, mainly to the timber industry. The economic cost of the 1991 eruption of Mount Pinatubo in the Philippines was estimated at $7 billion, though it is likely that losses continued to mount for years afterward because of the inundation of much arable land by mudflows. Sources: http://www.britannica.
