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ECONOMIC COVERAGE 

  • Basic insurance coverage on your home.
  • Insurance coverage on unoccupied or vacant flats and cottages.

Economic coverage

If you insure your dwelling for the first time and are not sure which insurance policy to buy, start with this one.

If you live in a flat, this insurance policy protects your home and its contents against basic risks.

If you live in a house, then this more economical solution for excellent insurance coverage.

This insurance package provides protection on unoccupied or vacant flats and cottages.

Perils covered by Economic insurance policy 
Fire
Lightning
Explosion
Storm
Hail
Civil commotion and political gatherings
Falling aircraft
Water escape from installations of residence premises 

 

Perils not covered by Economic insurance policy
Impact damage of motor vehicle Х
Act of vandalism Х
Weight of ice and snow Х
Frost Х

The policy offers coverage options including additional perils:

  • Flood, torrent and high waters
  • Subsidence
  • Snow avalanche
  • Earthquake
  • Glass breakage

Coverage for the risk of earthquake

  • Indemnity for claims arising out of loss of or damage to property caused by over 3.5 magnitude earthquake measured on the Richter Scale.
  • Any loss of or damage to a building incurred as a result of holes or cracks which will not affect stability if the coverage with no deductible is purchased.
  • It is your decision and according to it we shall agree whether to consider deductible or not.

Other coverage options

Burglary theft and robbery limit of up to Euro 750.

Economic insurance policy covers urgent accommodation costs of up to Euro 1,000.

Possible extension of coverage to include the risk of glass breakage.

 

What is the subject of insurance under the Economic insurance policy?

What can be insured with the basic coverage?
Residential buildings (houses, apartment buildings)
Movable property located in the insured property (clothes, personal belongings, furniture, electric appliances) – property not specified in a list.
Other buildings (garages, summer kitchen and etc.)

Each policy has different price and different insured property value.

The main difference in price reflects the cover on property at actual cash value or property at replacement value.

Special limitations for basic premium (not listed property)
Paintings and sculptures ✓ up to 250 €
TV set, audio and video equipment, alarm devise respectively up to 500 €
Movable property located at other buildings ✓ up to 500 €

✓– covered by insurance

х – not covered by insurance

Note: The risks against deterioration or wear and tear are not covered.

Note for depreciation: For partial losses or damages to residential buildings of massive construction, depreciation is calculated under the Economic insurance policy.

Alternative accommodation expense

The insurance policies provide coverage for alternative accommodation if your home becomes uninhabitable following large damages.

Example:

Compensation of costs for renting furnished residence with similar size according to the market price valued in the area of the insured location until the insured property is returned to normal living conditions.

Compensation of removal costs of your personal effects and assets if you decide to move completely out of the insured location.

Third Party Liability Insurance

This insurance is optional for all insurance policies. It shall protect you from the risk of liability if the neighbouring buildings or adjacent property suffers damages caused by your home or your property.

Example:

The neighbouring home suffers damages occasioned by the water escape from the installation in your home or the neighbouring home is burned to the ground or suffer damages due to fire in your flat.

You are not certain that this is the right policy for you?

*Please look at the comparable table of risks.

 

1. Табела на основни ризици
Легенда на симбoли: √ – осигурен ; x – неосигурен
Основни ризици Економична полиса Проширена полиса Проширена плус полиса Специјална полиса
Пожар
Гром
Експлозија
Луња
Град
Манифестација и демонстрација
Летала
Удар на возила
Вандализам x
Тежина на мраз и снег x x x
Мраз x x
Излевање на вода од инсталации во станбени објекти
2. Табела на дополнителни ризици
Легенда на симбoли: √ – осигурен со дополнителна премија
Основни ризици Економична полиса Проширена полиса Проширена плус полиса Специјална полиса
Поплава, порој и високи води
Слегнување на земјиште
Снежна лавина
Земјотрес

Discounts

  • Renewal of insurance policy
  • No claim bonus
  • Deductible bonus
  • Group of buildings bonus
  • Special bonus as part of the FAMILY PACKAGE
  • Advance premium payment bonus
  • Longer period of insurance of 5 to 10 years
  • Multiple insurance policies bonus
  • Attested alarms, secure door, code key safe in place.

 

Payment benefits.

Possible payment in instalments.

Direct deposit made by means of standing order.

Look for calculation free of charge even today and get the best offer.

Terms and Conditions for insurance

Notification of claim

Sales agents

Brochure