Covered Risks
The following risks are covered under proprety risks:
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RISK OF FIRE AND EXPLOSION Loss or damage to insured item caused by fire, blaze, combustion, ignition, or explosion. |
NATURAL HAZARDS Loss or damage to the insured item due to natural hazards other than earthquakes, such as rain, snow, hail, storms, floods, wildfires, lightning, or thunderstorms. |
RISK OF PLUMBING Loss or damage to insured item caused by damage to visible or hidden plumbing systems and connected components, freezing, technical malfunction, or abnormally high-water pressure. |
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INTENTIONAL OR UNINTENTIONAL MISCONDUCT BY A THIRD PARTY Loss or damage to insured item resulting from intentional or unintentional acts, errors, or misconduct committed by a third party. |
ELECTRICAL HAZARD Loss or damage to insured item caused by high electrical voltage, abnormal or excessive fluctuations, faults in electrical panels, damage or malfunction of fuses, distributors, insulators, or indirect effects of electric current. |
The following risks are covered under liability insurance:
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Third-Party Liability Risk Covers damage to the life, health, or property of third parties resulting from accidental or negligent actions by the insured or their employees during the construction process, or due to other risks specified in the insurance contract, occurring at the construction site. |
