Catastrophe insurance is a policy designed to handle a major peril that has caused significant harm over a vast area. The covered claims for catastrophe insurance are given below:

 

Types of Catastrophes Covered

 

• • Natural disasters (hurricanes, earthquakes, floods, etc)

 

• • Catastrophic industrial accidents (industrial explosions, major fires)

 

• • Intentional actions of a terrorist nature

 

Filing a Claim

 

1. 1. Your insurer should be your first contact to ask for a claim

 

1. 1. Click the pictures and videos of all damage

 

1. 1. Prep up temporary repairs of the damaged area to avoid worsening the damage

 

1. 1. Demonstrate your receipts of all charges occurring because of the destruction

 

1. 1. Deal with the insurance adjuster’s assessment in a cooperative manner

 

Important Considerations

 

• • Scrutinize your policy and don’t hesitate to ask any question you might have in mind. Don’t wait, take actions in case of disaster

 

• • Be aware of your deductibles and coverage limits

 

• • Consider attaching special riders that guarantee compensation for losses from a certain disaster according to your requirements

 

• • Comprehend the variance between the replacement cost that is available and real cash value which cannot be pursued

 

After Filing a Claim

 

• • Keep in touch with your insurance agent who is a mediator

 

• • Really be detailed in writing notes of all communication

 

• • Be patient, when claims of catastrophe happen more time time until the process is finished

 

• • Get the help of a public adjuster if you are not satisfied with the insurance company

 

Remember always to refer to your insurance provider for the correct and specific details regarding your coverage and claim process as every insurance policy is different and doesn’t look like any other.