The special equipment leased by the leasing company is insured against the risk of loss (destruction) or damage and is insured to cover the damage caused in the event of an insured event.

INSURANCE EVENT

    An insurance event is one of the following events, which resulted in the damage, loss (destruction) of the insured special equipment, caused the obligation of the insurer to pay the insurance compensation, and is one of the following events when the contract is in force is considered to occur during the period (insurance period):

fire, explosion, lightning strike;

earthquake, landslide, landslide, flood, flood;

hurricane, hail, hail, heavy snowfall;

illegal actions of third parties;

accident

EXCEPTIONS TO THE INSURANCE EVENT

natural wear and tear of the insured property or gradual loss of its quality or utility as a result of its use;

rusting, oxidation, deterioration under normal atmospheric conditions, rotting, rotting or other natural characteristics of the insured property;

defects and deficiencies of the insured property that exist at the time of concluding the insurance contract and must be known to the policyholder/beneficiary or his offices or authorized persons;

      internal mechanical or electrical breakdowns of the insured property, including structural defects, manufacturing and material defects, lack of lubricants or coolants, short circuits, explosions of boilers or other pressure vessels, explosions and fires of internal combustion engines .

However, the consequences of damage to the structural parts of the insured property as a result of a breakdown (for example, an accident or fire) are considered as an insurance event;

    Damages caused to special equipment as a result of deliberate actions of the policyholder/beneficiary, their managers or representatives and other exceptions specified in the insurance contract are not covered.

TERM OF INSURANCE

    The term of the lease agreement is determined

PAYMENT OF INSURANCE INDEMNITY

    Insurance compensation is paid as follows:

If the property is destroyed or lost - after deducting its residual value from its actual value on the date of the insured event (taking into account depreciation);

If the property is damaged - in the amount of the cost of restoration, but not exceeding the insurance amount. The amount of wear and tear of parts, connecting parts, individual parts and spare parts used in the implementation of restoration work is deducted from the amount of restoration costs.