Професионална програма

Property insurance of physical and legal entities – insuring citizens’ property and companies’ business property. The subject of the insurance are: immovable and movable property, which are insured against: fire, natural disasters, accidents, earthquakes, robbery, burglary, vandalism, loss of income from a rental property, clear-up costs after insured event, breaking of window glass and shop windows, third party liability. The objects of insurance are: apartments, offices, storehouses, houses, villas, shops, workshops, furnishing, hi-tech, devices, goods, materials, equipment, etc.

Property insurance should be tackled with responsibility and professionalism. The purpose of the property insurance, as the purpose of all types of insurance, is to protect the assets we possess, manage or dispose of. The selection of an insurer and the way of concluding the insurance policy are of great significance.

Here are some of the factors we must take into consideration when selecting an insurance company as well as a product:

• Is the insurance company stable and on which markets does it reinsure the given risk premiums?
• Does the risk of earthquake have franchises and what are their levels – higher or lower than the sum insured?
• What are the parameters of the risk costs?
• Time for response of the company in cases of an event
• Term of compensation payment
• What are the terms to keep in cases of an event?
• What documents are needed in cases of an event of a natural or man-made character (robbery, burglary, vandalism, road accident)?
• What are the maximum bonuses and discounts offered by the insurer when renewing the policy without damages, when grouping with other products, during promotions, etc?
• The role of SOT: When is it compulsory? If there is SOT, how much will the cost of the insurance be reduced?
• When can the insurance sum be defined as contractual limitations of liability for some types of property or risk covered – the so called ‘1-Risk’?
• How can we avoid sub-insurance and supra-insurance in this dynamic and speculative real estate market?
• Whether a bank or a leasing company will benefit from the insurance, taking into consideration the respective requirements, as the cover limits and the risks covered.

These are just a few of the factors that we should consider – we, as professionals and your consultants, and you, as clients – when selecting an insurer, a product and a way of concluding property insurance of any kind.