For instance, what happens if someone catastrophically injures themselves on a condo common area and the overall condo's liability insurance doesn't cover the multi-trillion dollar settlement?...

Of course, if the Fed were to artificially raise rates based on the *expectation* of inflation, that could cause a snowball effect of ridiculous proportions, and I could imagine RE being a bad place to be leveraged (actually, I could imagine any debt could be catastrophic)...

It's a big hit, but like any other insurance policy, it sucks to pay for something you're "not using", but if you ever need it, it will be catastrophic to not have it.

With ongoing climate change, freshwater irrigation is becoming a rolling catastrophe - just look at California and the eastern WA Yakima hops region. http://www.komonews.com/news/local/Washington-drou...The photo below is a good scenario to look for.

I was always afraid that a tenant would stop paying me, sue me or otherwise cause an interruption in cash flow that would be catastrophic to my personal financial situation.

The explanation I received is that the appraiser, acting on behalf of the bank, wants to make sure there isn't a catastrophic plumbing failure that the bank would be financing which could give me as the buyer a potential reason to walk away from the loan.  

I recently related a brief story about a catastrophic water flood that caused thousands of dollars of damage.

Catastrophe Insurance Adjuster, really helps with scoping what kind of money I need to put into a flip or small rehab!

Keep in mind I'm not asking them to do a full blown inspection on the property - just eyeball stuff that may be extremely costly or catastrophic. 

This work enabled us to prevent a catastrophic failure of the large Southwest Transmission Main.In addition to water line renewal, Baltimore will be rehabilitating the Vernon, Cromwell, Pikesville, Towson, Ashburton, and Guilford Pumping Stations.