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Compulsory insurance against third party liability in relation to use of immovable property

Compulsory insurance against third party liability in relation to use of immovable property

Online Application

Compulsory insurance against third party liability is applied in relation to use of immovable property such as buildings, constructions, devices and land lots is used n performance of business activities by legal entities as well as individuals involved into entrepreneural activities.

Insurance risks covered are as follows:

  • Fire resulting from use of electricity or gas devices, as well as the results of fire safety measures
  • Gas explosion
  • Short circuit in electric system
  • Flooding as a result of breakdown in water supply, heating or sewerage system
  • Falling, throwing, hitting, demolition, flowing and other forms of impact by a subject or a part thereof

The sum insured in relation to damages caused to the third parties as a result of an insured event are determined in the following manner:

  • The sum insured in relation to damages caused to health of an indidiual totals AZN 5,000 given that total sum insured in relation to damages caused to health of individuals does not exceed AZN 50,000
  • The sum insured in relation to damages caused to properties totals AZN 50,000

Watch the promotional video HERE.