The property you possess - buildings, equipment and/or supplies enable you to be permanently present at the market and advance to the top in your business area. Realisation of your business plans will surely be safer if you do not risk too much.

Although there is no success without taking risks, property that is uninsured is one risk too much. Property that is insured poorly also presents a huge risk.

Surely, when analysing the statement of assets and liabilities at the end of the business year, no successful manager wants to find out that this statement is much more unfavourable than the planned one and that nothing of it would happen if the property was insured.

What property insurance do you need?

If you think over how the qualitative insurance should look like, you will realise that you need the insurer that can enable you to:

know the amount of actual and future premium at any moment,
know what the object of insurance is and against which risks,
choose the objects of insurance yourselves or they can be taken from the book-keeping records,
have an automatic coverage for the property purchased after the conclusion of insurance - from the moment of its entry into the bookkeeping records,
adjust the sums insured during the insurance period in order to have the real coverage,
contract the sums insured in foreign currency.

It is understood that such insurer shall:

effect the payment of indemnity in money only,
effect the payment of indemnity immediately for the indisputable part of claim,
effect the payment of indemnity within the legal period - not exceeding 14 days after the completeness of documentation,
indemnify, at any moment, the amount of actual loss i.e. the amount to which the premium was calculated - based on "new for old" principle, if losses were so contracted.

Quality insurance also implies insurance where managers take care of the stability and power of insurance funds and therefore we in "DDOR Novi Sad" are of the opinion that the price of coverage is not always the most important factor, since the insurer will be close to you at the moment of damage.

What kind of contract puts the insurer under obligation?

By signing the policy you conclude the insurance contract by which both contracting parties acquire certain rights and obligations.

The cover note can be issued even before all conditions for issuing of policy are met. It represents the binding statement of the insurer that he instantly includes the property into the insurance protection.

How long do the contractual relations last?

The insurance contract may be concluded as:

short-time contract, for a definite period of time (up to 1 year),
long-term contract, for indefinite period of time (1 year or longer),
contract lasting several years (5 to 9 or 10 years and longer).

With the contract lasting several years, you are granted 5 to 10% discount to premium.

Detailed insurance contracts concluded under individual policies are contained in the following insurance terms and conditions:

General property insurance conditions make the basic contract that is applied to all insurances. We shall be glad to inform you about all details.

In addition to the above stated, DDOR Novi Sad offers other various property coverages.

Does the insurance cover all property?

All your property and non-financial working capital (supplies) may be included into the coverage directly from the bookkeeping records according to:

special conditions for insurance of building structures and equipment to the contracted value,
special conditions for insurance of supplies on floating basis.

Contracting coverage according to these special conditions does not increase the premium. On the contrary, everything entered into the bookkeeping records is insured from the moment of their entry. Purchase values stated in your balance sheet will represent the sum insured that can be adjusted to higher values up to the desired limit of coverage.

The advantage of the comprehensive property insurance on the basis bookkeeping records is reflected in the fact that all claims that account for less than 50% of the contracted limit of cover are paid in full without any a reduction and without checking if the sum insured corresponds to the value of the insured subject matter.

The insurance according to bookkeeping records is recommended within the frame of concluding the several years' contract.

What else can you expect from your insurer?

Insurance is not only about the payment of premium and indemnity. We shall analyse all risks that endanger your property and your business transactions. We shall offer solutions for elimination, minimisation or transfer of risks, not only through insurance but also through a complete programme of risk management.