Common Disaster Law and Legal Definition
Common disaster refers to an event that causes two or more persons with related property interests to die almost at the same time. For example, an insured and beneficiary are persons having related property interests. On the happening of a common disaster, there is no way of determining who died first. Common disaster clause is a provision in a dispositive instrument. For instance, an insurance policy or a will that seeks to cover the situation in which the transferor and transferee die in a common disaster is an example of common disaster clause.