Property insurance
Any property is a subject to insurance: personal, real, pledged property, the goods in a warehouse and in a trading hall.
Insured event is the destruction (loss) or damage of property as a result of following events:
1. fire, explosion, lightning, smoke;
2. hurricane (storm);
3. hail;
4. flooding;
5. earthquake;
6. flooding by water from pipes of water, sewer and heating systems;
7. False operation of automatic sprinkler;
8. Burglary and robbery, including the subsequent destruction or damage of property;
9. Run over by self-propelled vehicle;
10. Collision or falling on the ground of piloted aircrafts, their parts or a cargo transported on these aircrafts, overcoming by flying object of a sonic barrier.
Sum insured is established at a rate of actual (market) value of property.
Insurance rates are established depending on the characteristics of insurance object, its site and the other factors having essential value for definition of a degree of risk within the limits from 0.2 % up to 0.9 % from the insurance amount.
Insurance indemnity is carried out at a rate of the real damage caused to property within the limits of the insurance amount stipulated in the contract of insurance. |
