16 LAWYER MONTHLY NOVEMBER 2023 Many people fail to recognise that a single large-scale catastrophe, like a storm, can be categorised as multiple events such as flooding, wind damage and rainfall. mandate separate deductibles for each of these events. These deductibles can add up swiftly, underscoring the importance of considering the potential for multiple events when determining the deductible for your insurance policy. If one or more events are covered while others are not, this can result in a severely insufficient insurance payout that does not adequately cover the costs of restoring the property to its pre-loss condition. It is extremely important to remember this when allocating funds for emergencies and when reviewing insurance policies to ensure that they include coverage for catastrophic events. One common issue during home restoration is the impact of building
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