Industrial Fire
Who is it designed for
This insurance is designed for production enterprises, stores, warehouses, agricultural sites, premises of the state’s and municipality’s administration, education, public health services etc.
Subject of the insurance
Movable and immovable property (as for example buildings, machinery, installations, equipment, material stocks, commodities etc.), located on the territory of the Republic of Bulgaria. The property could be one’s own, hired or accepted for repair works, processing etc. by legal entities or one-man companies.
Insurance cover
This insurance covers the following perils:
CLAUSE “A” – BASIC COVER
Fire, thunder /lightning/, explosion, implosion, crush and/or fall down of piloted air-craft, its parts and/or cargo.
CLAUSE “B” – ADDITIONAL COVER
(1) Storm; (2) Hail, torrential rain, flood; (3) Natural snow and/or ice heaping; (4) Frost damage, freezing; (5) Landslide or collapse of land strata; (6) Damage from the action of sub-soil waters and/or from the action of sea waves; (7) Failure of water-main, sewerage and steam-main installations and the devices connected to them; the property insurance of individuals shall cover also the damages, caused as a result of not turning off the faucets and fountains; (8) Stroke by a vehicle; (9) Earthquake; (10) Arson; (11) Necessary expenses (expenses for cleaning up and limitation of the damages occurred as a result of event, covered by the this insurance); (12) Vandalism.
Sum insured
The sum insured is defined in Bulgarian Leva or other currency on the basis of the actual or recovery property’s value or according to the accounting data (balance sheet value).
Validity of the insurance cover
The insurance cover is valid only for the address, written in the policy.
Conclusion of the insurance
The insurance could be concluded also in favor of a creditor bank.
Insurance term
The standard term of the insurance is 1 year.
