Premises Insurance

Insurance objects:

• hardware, equipment for poultry factories;
• production buildings, premises and facilities;
• instruments, inventory;
• commodity stocks (poultry production – finished products, raw materials and semi-finished products).

Insured risks:

• fire, lightning, gas explosion;
• explosion of technological equipment;
• damage of property by water from sewage, water supply, heating systems and the automatic fire extinguishing systems;
• natural disasters;
• theft with trespassing and robbery;
• improper actions by third persons;
• runover by transportation vehicles;
• fall of piloted aircraft and/or its wreckage.

Additional risks when insuring commodity stocks:

• sudden power outage from the public electricity grids;
• damage, spoiling or destruction of commodity stocks as result of damage or annihilation of refrigerator units specified in the insurance contract.

The basis for determining sum insured when insuring real estate objects, hardware and equipment is their depreciated (balance) or current cost.

Insurance based on depreciated (balance) cost is made on the basis of sums declared by the Insurant which correspond to the balance cost of key assets (initial value minus depreciation).

Payment of damages for insurance based on depreciated (balance) cost is made on the basis of bills and cost estimates for acquisition / repair / reconstruction / erection / construction of the object damaged / destroyed by insurance case. The bills and cost estimates are provided by the insurant. The payment is made with consideration to the size of accrued depreciation of the object at the date closest to the date of loss occurrence.

Reinstatement cost corresponds to:

• upon complete destruction of the object – the cost of building (or purchasing) a new object similar to the destroyed one, including expenditures on transportation of the object (or its details) to the insured territory, expenses on repair, adjustment and prestarting works, without regard to accrued depreciation of the object.
• upon partial damage to the object – the cost or repair or reconstruction of the object to its initial condition, which preceded loss occurrence, including expenditures on acquisition of details, parts and mechanisms subject to replacement. Without regard to accrued depreciation.

Insurance based on reinstatement cost is done:

• given the report of appraisal (re-appraisal) of fixed assets made by independent audit organizations
• or for new insurance objects (with the term of operation under 1 year).

Insurance of commodity stocks is based on the self-cost of insured commodity stocks (raw materials, semi-finished and finished products).

Main factors that influence the price (cost) of insurance:

• overall condition of objects (economic life, information about current and capital repair, etc.);
• fire-prevention condition of objects and carrying out of measures to prevent (minimize / eliminate) emergency situations;
• history of previous material losses generated by sudden and accidental events (fire, leakage of water supply systems, etc) when the sum of such losses exceeded 100,000 rubles;
• presence of dangerous production facilities nearby;
• specification of the enterprise’s location (local geography, danger of landslides, floods and other natural factors);
• size of sum insured;
• size of franchise;
• production standards, personnel qualification and level of management;
• history of cooperation with Ingosstrakh.

Franchise and insurance rate (tariff) is set individually based on results of analysis of provided information.

In case of:

• package insurance,
• history of loss-free insurance,
• permanent partnership with Ingosstrakh, - the enterprise may receive a discount.

Examination of claims and settlement of loss events:

In drawing up the insurance policies Ingosstrakh specialists provide the Insurant with:

• full information on the procedure of filing a claim about loss occurrence;
• typical form of a claim about loss occurrence, which may be qualified as insured accident;
• the list of main documents presented upon loss occurrence;
• explanation of the procedure in case of loss occurrence.

In case of insurance compensation in is possible that a method of settlement of advance payments will be used (stage-by-stage payment of insurance compensation).

In case Insurant suffers losses greater than 1-5 million rubles, examination of Insurant’s claim may be done with participation of independent experts – loss adjusters – upon previous agreement of the sides at the moment of signing the insurance policy.

Why is it profitable to get insurance at Ingosstrakh?

• Transparency of all insurance programs.
• Consulting on all insurance questions before drawing up a policy.
• Ingosstrakh specialists are ready to develop special insurance programs that will take specifics of your business into account.
• Package insurance – Ingosstrakh has a license for all types of insurance services and if you choose to buy package insurance from us, we will be ready to offer you a significant discount.
• Ingosstrakh policies are accepted both in Russia and abroad and they also may serve as security of pledge in all banks of the Russian Federation.