What is one potential hazard associated with lightning strikes?

Lightning strikes pose a range of hazards, and the selection of "All of the above" encompasses the various dangers associated with these natural occurrences.

Loss of insulation occurs when lightning strikes electrical systems, which can lead to degradation of insulating materials. This can compromise the safety and function of electrical installations.

Electrical fires are also a significant concern, as the intense heat generated by a lightning strike can ignite flammable materials nearby, leading to dangerous fires that can spread rapidly, causing extensive damage and potential injuries.

High voltage discharges are a direct consequence of a lightning strike, which can create an immense electrical surge. This can lead to equipment damage, electrocution risks for individuals, and malfunctions in electrical grids and systems.

By recognizing these interconnected hazards, the answer "All of the above" effectively summarizes the multifaceted risks posed by lightning strikes, highlighting the importance of protective measures in electrical design and safety protocols.