The object of insurance is the property interests of the Policyholder related to his obligation, in accordance with the procedure established by the civil legislation of the Kyrgyz Republic, to compensate for losses of third parties (Beneficiaries) arising as a result of harm caused to goods stored in the warehouse, or violation of other terms of storage contracts with these persons.
Insurance Risk, Insured Event
Insurance Risk is the risk of the Policyholder's liability for obligations arising as a result of harm caused to goods stored in the warehouse, or violation of other terms of storage contracts with third parties.
An Insured Event, taking into account all provisions, definitions, and exclusions provided for by the Insurance Rules, is the fact of establishing the Policyholder's obligation to compensate for losses of third parties – Beneficiaries, arising as a result of harm caused to goods stored in the warehouse, or violation of other terms of storage contracts with these persons.
An event is recognized as an insured event if the harm occurred during the validity period of the insurance contract and there is a direct causal link between the Policyholder's carrying out of activities as the owner of the temporary storage warehouse / customs warehouse and the consequences that occurred for the third party.
SUM INSURED
The sum insured under the insurance contract is determined by agreement between the Policyholder and the Insurer, taking into account the requirements of customs legislation, and is specified in the insurance contract.
INSURANCE RATE
The Insurance Rate is the rate of the insurance premium per unit of the sum insured.
When calculating the insurance rate under the insurance contract, the Insurer has the right to apply increasing and decreasing coefficients to the base insurance rates, based on various circumstances that are essential for determining the nature of the insurance risk.
INSURANCE PERIOD
The validity period of the insurance contract is established by agreement of the Parties.
For more detailed information, call us at the following numbers:
+996 (312) 39 82 24, +996 (312) 39 82 78