By its definition, the term “catastrophe” describes an event that may be both unprecedented and unexpected—neither of which are favorable conditions for attorneys working through complex insurance settlements after disaster has struck. Unfortunately, property damage from such catastrophic losses has become an increasing reality in the twenty-first century, requiring real estate lawyers to develop certain approaches and strategies in responding to these disasters and the destruction they leave in their wakes, both literally and figuratively. This article examines the major categories of catastrophic losses and identifies the types of insurance most commonly associated with recovery efforts.
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