Actual occurrences resulting in damage or loss of the insured property as a result of any unforeseen accidental and sudden events, i.e. fire, lightning, explosion, crash of flying machines, spontaneous combustion, theft and intentional acts of third parties, floods and inundation, pipe bursts, storms, hurricanes, earthquakes, floods, landslides, subsidence, shock, fall, short circuit, overvoltage, electric arcs, collapse of machines and mechanisms, construction materials and constructions, damage caused by using defective materials and constructions without following construction rules, third party during the implementation of construction and assembly works insurance protection against the emergence of civil liability in front of individuals.

INSURANCE EVENT

   Actual events that cause damage or loss of the insured property as a result of unforeseen accidental and sudden events at the construction site, i.e. fire, lightning, explosion, crash of flying machines, spontaneous combustion, theft and intentional acts of third parties, floods and inundation, pipe bursts, storms, hurricanes, earthquakes, floods, landslides, subsidence, damage caused by tripping, falling, short circuit, overvoltage, electric arcs, collapse of machines and mechanisms, building materials and structures, damage caused by unconscious use of defective materials and structures, civil liability to third parties during the implementation of construction and assembly works the occurrence of liability is an insurance event.

EXCEPTIONS TO THE INSURANCE EVENT

The insurer shall not be liable to the policyholder for damages in the following cases:

illness or physical injury of the contractor (contractors), customer (contractors) or workers and employees of other companies or their family members engaged in construction work partially or fully insured for material damage;

to the properties of the contractor (contractors), customer (customers) or other companies entrusted with carrying out partially or fully insured construction works for material damage under their control or custody, or workers and employees;

to accidents caused by vehicles or floating vehicles or airplanes allowed to be used on the roads;

to indemnification obligations or other types of compensation accepted by the policyholder in a voluntary manner, which may be allowed in addition to the existing liability before the agreement.

TERM OF INSURANCE

    One year

PAYMENT OF INSURANCE INDEMNITY

    In case of material damage, the insurer and the insured are not conditioned on non-payable situations that occur unexpectedly and suddenly as a result of an insured event during the insurance period to the registered properties or their part. compensates the material damage that is damaged as a result of the reasons, that causes the need to repair and replace the property by transferring money to the account, but the total amount does not exceed the insurance money stipulated in the contract for each insured event and the total amount covers.

The insurance fee shall be paid by the policyholder within 15 (fifteen) days from the date of submission of all documents.