Compulsory Property Insurance secures reimbursement of loss and damage, ruining or any form of the property destruction, resulted from the listed below situations:
- fire, lightning strike;
- explosion while household and business usage of gas;
- shortcut circuit in the power lines;
- explosion of boilers, gas reservoirs, gas pipelines, vehicles, apparatus and other similar constructions and devices;
- accidents with the water supplying, heating, sewerage lines and fire protection systems, as well as flooding from the nearby buildings, inhabited or technical areas, dwellings, flats, rooms;
- impact on any item or its pieces by falling, throw, hit, destruction, split, flow and other similar forms;
- hit of an on-ground mean of transportation;
- natural disasters - earthquake, volcano, storm, snow storm, thunderstorm, hail, flow, flood, heavy shower, landslide;
- actions of the third parties.
Sum Insured and Deductible
For the property located in the city of Baku the sum insured is 25.000 AZN, and deductible amount is 250 AZN; Insurance premium 50 azn
For the property located in the cities of Ganja, Sumgayit and Nakhchivan the sum insured is 20.000 AZN, and deductible amount is 200 AZN; Insurance premium 40 azn
For the property in other locations the sum insured is 15.000 AZN, and deductible amount is 150 AZN. Insurance premium 30 azn