What Does Catastrophic Loss Mean?
What does Catastrophic Loss mean? Read on to discover the definition & meaning of the term Catastrophic Loss - to help you better understand the language used in insurance policies.
Catastrophic Loss
One or more related losses whose consequences are extremely harsh in their severity, such as bankruptcy, total loss of assets, or loss of life.
We hope the you have a better understanding of the meaning of Catastrophic Loss.
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