Fire insurance of Bao Minh Insurance Company

The fire insurance of Bao Minh Fire Insurance Company is suitable for businesses to ensure the safety of their operations. Hope this article helped you understand this type of fire insurance.

Beneficiaries of fire and explosion insurance - The buildings, buildings and machinery, equipment in the company. - Assorted goods and many other property and supplies. Explosion insurance coverage For assets purchased under insurance, we will be compensated if our property falls under the following circumstances: Fire, explosion, lightning strike. Aircraft or other means fall into. Our property is damaged by malicious acts, strikes, disturbances. Storms, earthquakes, volcanoes. Animals cause damage to property, spills from water storage. The amount of insurance paid - This is the value calculated in the market price of the property right at the time the property owner buys insurance for its property. - If the number of assets increases or decreases regularly, the amount of insurance will be calculated by the average value or by the maximum value. - If the market price of such property can not be determined, the insurance company and the insurance buyer may agree on the common price level. Compensation procedures Types of records to be prepared - Certificate that you have purchased insurance for that property. - Sample of assessment from the insurer. - The form of inspection by the police on fire prevention and fighting about the cause of property damage. - A list of losses, proof of damage. Time limit for claim and payment of fire and explosion insurance costs - After the insurance buyer lost property due to fire and explosion, we will have a period of 1 year to file claims. - After the insurance company received the documents from the fire insurance buyers, they will verify the records and make payment of compensation costs. The payment period is from 15 days to 45 days. - In the event that after the verification, Bao Minh company refuses to pay compensation, they will notify the customer as soon as reason for refusal.