Collective insurance of house/flat against fire and some allied perils

The so-called fire policy represents a basic policy - its objective is to protect your house/flat against fire and natural disasters.

What can be insured?

The subject matters of insurance include:

• your house or flat as a building structure,
• all built-in installations and equipment (elevator, central heating, boilers, air conditioning devices, pneumatic pump station, etc.),
• the insurance of flats in a residential building also includes joint premises.

What risks is your house/flat insured against?

Your property is protected against the following basic risks:

• fire and explosion,
• lightning,
• storm and hail,
• hitting of your own motor vehicle or working machine into the building structure,
• manifestation and demonstration,
• fall of aircraft.

The insurance coverage may be contracted to include the risks such as:

• leakage of water from installations,
• flood, torrent and high water level,
• land slipping, sliding and sinking.

To which value do you pay the premium?

To the sum insured that, if not otherwise agreed with you, should equal:

• for building structures, to the price of new structure of same characteristics and at the same location, including all dependent expenses reduced by the value of depreciation,
• for equipment, to the price of new equipment of same characteristics including dependent expenses decreased by the value of depreciation (technical or economical).

How much is the premium?

The insurance premium is defined on the basis of the value of your flat. The amount of insurance premium with the included additional risk against water leakage from the installations amounts to (the given sum insured per m²):

The approximate sum insured per m²= 18,000.00 dinars

The premium includes special advantages:

• discount for several years insurance 10%,
• discount for collective insurance 10%.

In larger cities of Voivodina, it is possible to insure your residential building, pertaining part of joint premises (in residential buildings) and also to take out insurance against defects and breakdown of installations (water, sewerage and heating) that are part of the insured building through combined payment of dwelling charges. The payment is in instalments and is charged together with other charges. The average premium, for instance, for a flat of 60 m² in Novi Sad amounts to 135.50 dinars per month, the sum insured being 12,500.00 dinars per m². It provides cover for damages that may arise due to: fire, explosion, lightning, storm, hail, leakage of water from installations and damages or destruction which may arise when using such installations.