The appraiser's poor performance of professional activity or failure to adequately perform his professional activities resulted in civil liability for the protection of his property interests.
The occurrence of legal liability of the insured for the damage caused as a result of poor performance of professional activity or failure to perform it at an adequate level.
EXCEPTIONS TO THE INSURANCE EVENT
The following events are not considered an insured event:
any acts of war and their consequences, effects of mines, bombs, other weapons of war, civil disturbances and insurrections, terrorism, confiscation of property at the behest of military or civilian government and any political organizations, requisition be seized, detained, destroyed or damaged;
nuclear explosion, radiation and radioactive poisoning;
aimed at the occurrence of an insured event by the insured or the beneficiary, including their deliberate actions in collusion with each other;
as a result of an insurance event, administrative penalties are applied to the policyholder by government agencies;
the occurrence of liability arising from any agreement other than the valuation agreement concluded with the beneficiary, in which the insurer assumes obligations for the loss, and in the absence of which the legal liability of the insured does not arise;
non-fulfillment of the work by the insured or violation of the established terms of the work being performed;
performance of professional activities not provided for in the license or without a license or without a valid license;
withdrawal, confiscation, requisitioning, detention or destruction of materials used in the assessment by order of state bodies;
the adoption of a legal-regulatory document requiring mandatory assessment of a certain object of assessment according to a certain type of value;
loss of documents provided to the insured in the course of his professional activities, etc.
TERM OF INSURANCE
PAYMENT OF INSURANCE INDEMNITY
When the beneficiary makes a claim about the damage caused, with the consent of the insurance company, he must obtain an expert assessment and official explanation of the disputed issues from the competent authorities and involve qualified experts to consider the claim.
The fact and amount of the loss must be confirmed by a court decision.
The insurance compensation of the company shall be made to the insured/beneficiary within 15 (fifteen) days after the signing of the deed on the insured event.