What Does Common Disaster Mean?

Free Business Insurance Quote Click Here
What does Common Disaster mean? Read on to discover the definition & meaning of the term Common Disaster - to help you better understand the language used in insurance policies.

Common Disaster

Common Disaster

Situation in which two or more persons with joint property interests (such as an insured and the primary beneficiary of his or her life insurance policy) die at the same time, without a clear evidence to establish who died first and whose estate should receive the policy's benefits.

We hope the you have a better understanding of the meaning of Common Disaster.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here