Catastrophe Loss


Definition of "Catastrophe loss"

Cassandra Satriano real estate agent
Cassandra Satriano Bowen Realty

High severity loss that does not lend itself to accurate prediction and thus should be transferred by the individual or business to an insurance company.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Umbrella Reinsurance

Protection for all classes of business including automobile, fire, general liability, homeowners, multiple peril, burglary, and glass, by combining th ...

Automatic Nonproportional Reinsurance

Automatic protection for an insurer against losses that exceed a predetermined loss limit. This reinsurance may be subdivided into three primary types ...

Burning Cost Ratio (pure Loss Cost)

Ratio of excess losses to premium income. Excess losses are those that a reinsurer is responsible for if its coverage is in effect during the period u ...

Realized Capital Gains (losses)

Increases (decreases) in capital assets (such as stocks and bonds) between the date of purchase and the date of sale. ...

Excess Interest

Amount credited to the cash value of an insured's life insurance policy above the minimum interest rate it guarantees. This payment is of extreme impo ...

Replacement, Reconstruction, And Reproduction Cost

Option to an insurance company to replace, reconstruct (repair), or reproduce (rebuild) damaged or destroyed property covered by property insurance ra ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What do I need to know about Group Health Insurance? What are comparables or comps? What is underwriting? What is cooperative? Who is a subagent?