Sign-In
Neil G. McDonald Ltd.
3800 Steeles Ave West, Suite 201E,
Woodbridge, Ontario L4L 4G9
Phone |
Fax|
Hours
Mon-Fri 9-4:30 EST

Catastrophe Hazard

A risk which might involve a large number of insureds at one time. For example, a tornado may damage many homes in a certain area. If one insurer carried that type peril insurance, they might carefully underwrite their business so that they carried only one or two in each block, but in total might have a very substantial loss.