Anything I use will have a CAT rating when working on any voltage above about 50 volts.
Fluke put out a film that shows what can hapen with the less expensive meters when used on equipment that can have a very high current capacity. Even putting the wrong fuse in a meter rated cat3 or more can get you in trouble. The beter meters will have a fuse in the ohm meter section. If you hapen to put the meter in the ohm or amp setting and get across a voltage source and the fuse blows, but the not rated fuses can arc over and have the effect of not blowing. In almost no time the leads insulation melts and you are across the voltage source. Or the leads explode from the excessive current.
That little Fluke T3 tester is very handy. Small enough to slip in the back pocket. They also make a T100 multimeter about the same size that works very well . It will do voltage and up to around 1000 ohms and has a provision to act like a clamp on ampmeter. It is also almost impossiable to blow up. We used them at work and would often go across fuses on 480 volt 3 phase circuits. Most often just using the ohms setting and going across fuses. Never did see one go bad even when the fuse was blown. I probably checked thousands of fuses this way on running equipment.