11/18/2023
Catastrophic insurance, also known as catastrophe insurance, is a type of insurance coverage that provides financial protection against major disasters or catastrophic events.
Catastrophic insurance is designed to cover the costs associated with expenses related to medical treatment and other losses resulting from a catastrophic event.
The coverage provided by catastrophic insurance policies varies depending on the specific terms and conditions set by the insurance provider.
It's important to note that catastrophic insurance typically has higher deductibles and lower coverage limits compared to other types of insurance policies.
This is because catastrophic events are relatively rare but can result in significant losses, so insurers manage their risk by offering coverage for extreme events at a more affordable price.
It can help provide financial stability and peace of mind in the event of a major disaster, ensuring that policyholders have the means to recover and rebuild after a significant loss.
If you are considering purchasing catastrophic insurance or are already enrolled in NYSUT sponsored or affiliated CMM plan , it's important to carefully review the terms and conditions of the policy, including the coverage limits, deductibles, and exclusions, to ensure it meets your specific needs and risk profile.
"We CMM Advisors Corp “ offer free advice on how to get CMM claims processed.
If a union member can't get all the information needed to file we also offer additional paid services to file claims on their behalf. Please see our website .
www.cmmadvisorscorp.com for more information
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