Natural Catastrophe Insurance

Natural Catastrophe Insurance is a type of insurance that protects homeowners, businesses, and other property owners from financial losses caused by natural disasters, such as hurricanes, earthquakes, floods, and wildfires. When a covered event occurs, this insurance helps to cover the costs of repairing or replacing damaged property, allowing policyholders to recover more quickly. It is often sold as an additional policy, as standard homeowners insurance may not cover specific natural disasters. Understanding its terms and coverage can help individuals safeguard their assets against the unpredictable nature of these catastrophic events.