MANAGEMENT

Detailed explanation-1: -A car insurance policy covers any damages caused to your four-wheeler from natural disasters, such as cyclones, floods, earthquakes, storms, etc. Make sure you have comprehensive insurance coverage for your car. This is because third-party car insurance does not cover any vehicle damages from a natural disaster.

Detailed explanation-2: -A natural disaster may cause loss of life, injury or other health impacts, property damage, loss of livelihoods and services, social and economic disruption, or environmental damage.

Detailed explanation-3: -The damage that is directly caused by landslides is never covered under the house insurance policies. A strict note in all policies states that any kind of damage caused due to the earth’s movement won’t be covered by the home insurance policy.

Detailed explanation-4: -Catastrophic loss refers to loss in excess of the working layer, usually of such magnitude as to be difficult to predict and therefore rarely self-insured or retained.