Catastrophe Insurance

Catastrophe insurance is a type of insurance that provides coverage for significant and unexpected events, like natural disasters (earthquakes, floods, hurricanes) and other large-scale emergencies. It helps policyholders recover financially from devastating losses that typical insurance might not fully cover. This specialized insurance is particularly important for homeowners, businesses, and governments in areas prone to such risks, ensuring they can rebuild and recover without facing overwhelming financial burdens. Essentially, it's a safety net for situations that could otherwise lead to severe economic hardship.