Инвестиционно Строителна Борса
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Property Insurance

Buying property is an important decision and even at home it can be stressful and certainly time consuming. Considering this we focus on doing our best to protect and enhance our client’s convenience and security whilst reducing the complexity of the purchasing process. New homeowners need buildings’ insurance to protect their property against the unexpected – from falling trees to riots.
ICB properties Ltd in association with Allianz Group, one of the world’s leading insurers and financial services providers, offers all the insurance products you need to keep your investment property safe and to give you peace of mind.

For more information of how to get your new Bulgarian home insured e-mail your seals consultant or assistance@icbproperties.com

Bellow you can find information of the type of property  insurance available in Allianz :

Fire
This insurance is aimed for individuals persons and legal entities. The subject-matter insured is immovable and movable property owned or under the responsibility of the Insured. In case of mortgaged or pledged property, the insurance policy can be concluded in favor of the creditor.

The basic policy cover includes loss and damage resulting from fire (incl. consequences of extinguishing thereof), lightning, explosion or implosion, aircraft, parts or cargo therefrom, natural perils (incl. storm, hail, torrential rain, flood, snow and ice pressure, freezing, falling trees, branches, or other external objects following storm or hail), sewer water, vehicle or animal impact, and as well expenses made by the Insured with due care for loss minimization.

If agreed, the insurance cover may be extended to include:
•  landslide or collapse of earth mass, earthquake, short circuit or over-voltage, malicious acts by third parties, change of address;
•  Removal of debris, relocation, protection and storage, loss of rent;
•  Glass breakage with option for "All Risks" basis;
•  Third party liability following insured event.

The insurance cover applies only to property located at the address mentioned in the policy.

The sum insured can be established on the basis of actual or replacement value, or book value. The insurance premium is based on the tariffs of Allianz Bulgaria and depends on the type of insured property, scope of cover and specific risk factors

Burglary
This insurance is aimed for wide range of customers, incl. individuals, commercial or industrial premises. The subject-matter insured is movable property owned or under the responsibility of the Insured and covered under an existing policy against fire and natural perils with the same Insurer.

The basic policy cover includes loss and damage resulting from a burglary pursuant to Art. 195, par. 1, item 3 of the Bulgarian Criminal Code and as well additional damage (incl. to walls, doors, and locking devices, etc.) caused by the burglars. If agreed, the coverage may be extended to include a burglary by using technical device as defined by Article 195 par. 1 item 4 of the Bulgarian Criminal Code and robbery pursuant to Article 198 of the Bulgarian Criminal Code.

The insurance cover applies only to property located at the address mentioned in the policy.

The sum insured can be determined on the basis of actual or replacement value, or book value. The insurance premium is calculated following the tariffs of Allianz Bulgaria and depends on the type of the insured property, agreed scope of cover and specific risk-related factors.


Dwellings and household
The subject-matter insured is immovable and movable property owned or under the responsibility of an individual. The insurance cannot be concluded in favor of third party.

The insurance cover is agreed on the basis of four standard clauses, i. e. basic, extended, maximum, and limited cover. The basic cover includes loss and damage resulting from a fire (incl. consequences of extinguishing thereof), lightning, explosion or implosion, aircraft, parts or cargo therefrom, natural perils (incl. storm, hail, torrential rain, flood, snow or ice pressure, freezing, falling trees, branches or other external objects as a result of a storm or a hail), sewer water, vehicle or animal impact, as well as the expenses for loss minimization, removal of debris, relocation, protection and storage. For certain types of property (for example money in cash, valuables, etc.) the Insurer"s liability is limited. The clauses for extended, maximum, and limited cover provide the opportunity of changes in the scope of cover and the liability limits depending on client"s actual needs.

The insurance cover of each standard clause can be extended with:
•  landslide or collapse of earth mass, earthquake, malicious acts, glass breakage of doors and windows on "All Risks" basis, lost of rent;
•  third party liability following insured event.

The insurance cover applies only to property located at the address mentioned in the policy.

The sum insured is established on the basis of the replacement value. The insurance premium is calculated following the tariffs of Allianz Bulgaria and depending on the type of the insured property, the agreed scope of cover, and specific risk-related factors.

For more information of how to get your new Bulgarian home insured e-mail your seals consultant or assistance@icbproperties.com

 

 

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