Insurance protection
Indemnifies
- damage at a loss or property damage during construction;
- loss at a civil liability occurrence for life, health and third parties harm during construction on place of insurance or indirect neighborhood with it;
- expenses for territory cleaning at a property loss or damage during construction.
Main exclusions
Indemnity is not paid if the property is lost or damaged:
- mistakes, shortages or defects on construction object which were known by insured to persons in whose advantage was insurance made or their representatives before insured accident;
- partial or general cessation of works not unforeseen by construction;
- corrosion, decay, natural wear-and-tear, spontaneous ignition or other natural properties of separate items;
- damage of construction machinery and mechanisms in the issue of its inside damages, not produced by external factors;
- loss or damage detectable only during inventory;
- loss and damage of ground or damage of fuels and lubricants, chemicals, cooling liquids and other subsidiary materials, production made by object insured (except of necessary construction objects for risks insured), precious materials, jewels, artworks, documents and securities, damage during inventory and some indirect damage like loss of profit or contractual penalties.
- injuries or illness of employees or workers of contractor (contractors), customer (customers) or another company which is doing construction works;
- property collapse or damage which is own, in ward, on deposit or under control of contractor (contractors), customer (customers) or another contractor who is doing construction works;
- accidents induced by vehicles accepted to operation on road, or by floating vehicles, or aircraft;
There can be provided other exceptions in insurance agreement.
Deductible
Deductible – part of damage is not paid. Than higher deductible than less you pay for our services. At the indemnity payment deductible is subtract from sum of damage.
Order of the indemnity
At property destruction (loss) – at the rate of property real estimate as date of agreement conclusion with deductible except of property destruction (loss) from earthquake, volcanic eruption, tsunami, storm, cyclone, flood, inundation, landslide.
At property damage – at the rate of restoration charges with deductible, no more than sum insured, except of property destruction (loss) from earthquake, volcanic eruption, tsunami, storm, cyclone, flood, inundation, landslide.
