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Do people living near Mt. Vesuvius get volcano insurance?

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Just think - if 10000 people get their homes destroyed on the same day by Mt Vesuvius and all put in an insurance claim at once, what happens? The insurance company goes bust. read more

I would have thought that a similar approach would be followed around Vesuvius – the people can’t control the volcano, but would stick to living in towns and cities away from the volcano and in houses built to withstand the minor tremors and earthquakes associated with a large eruption. read more

However, people living there can get any insurance they want, as everywhere else in the world, and some of those insurances may indirectly relate to an eruption (for istance, a life insurance, or home insurance). read more

The benefits of living near a volcano are enriched soil, opportunities to efficiently harness geothermal energy and potential tourist income. Metals and precious stones are also common in volcanic soil, and rivers flowing on volcanoes can be used to generate hydroelectricity. read more

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