An observed trend, which can be defined as tourist interest in natural hazards and disasters, has persuaded the authors to attempt to research several issues, including tourist motivations and specific tourism properties and functions of this form of activity. The objective also covered the allocation of this social and natural process in the general structure of tourism. This interest has a long history, and a new stage is currently forming, which partly results from factors affecting society, such as information and education, which provoke antagonistic reactions. Extreme natural phenomena entail a common reduction of tourist interest in the destination which hosted the event; however, it never drops to zero. Differences are visible depending on the type of phenomenon. On the other hand, natural hazards and disasters are considered to hold a specific tourism value. This article discusses the allocation of this human activity in the tourism forms known to scientists, accounting for its diversity and relating to ethics.