Real Estate damage Insurance policy
Covered risks:
Damage or loss of movable assets due to:
- Fire accident;
- Lightning strike;
- Explosion;
- Falling of man-rated flying objects and their fragments on the property;
- Acts of elements, namely: volcanic eruption or impact of subterranean fire, landslide, mountain slide, storm, whirl, hurricane, flood, hail, shower rain, snow slide, except for earthquakes;
- Earthquakes and follow up fire;
- Floods caused by water intrusion from neighbouring premises, breakage of water pipes , sewerage pipes, heating systems and fire fighting systems;
- Unlawful acts of the third parties, which are: robbery, vandalism.
The loss of real estate includes property damage risks caused by the above mentioned factors in case of covering expenses higher than 80% of the market price.
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