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Home » Insured Event » Compensation for damage » For Legal Entities » General Third Party Liability Insurance
Страхование общегражданской ответственности

General Third Party Liability Insurance

 

In the occurrence of the insurance event, our company shall reimburse for the following expenses:

  • in the case of loss of the property - in the amount of the actual value of the lost property as of the date of the insurance event minus the cost of usable or marketable residues;
  • in the case of damage to the property - in the amount of reclamation costs required to return the property into the state it was immediately before the insurance event at the prices as of the date of the reconstruction budgeting (cost estimating), however, no more than the actual value of the lost property as of the date of the insurance event.

The reductive expenses include:

а)    expenses on materials and spare repair parts;

b)    repair expenses;

c)    the cost of delivery of materials to the repair location as well as other expenses necessary to deprecate the property to the state it was immediately before the insurance event.

  • in the case of damage to the environment - expenses of elimination of its consequences and remediation of contaminated territories (e.g., land recultivation, gathering spots from the water surface and so on),
  • in the case of harm to the life or health of any person:
  • in the case of harm to the life or health of the resident of the Republic of Belarus or a stateless person permanently residing in the territory of the Republic of Belarus, the extend of damage and the procedure for their compensation, timing and periodicity of payments as well as list of persons entitled to compensation in the case of death of the sufferer, shall be determined in accordance with the laws of the Republic of Belarus,
  • in the cases of harm to the life or health of a resident of a foreign state:

1) should the insurance event occur in the territory of the Republic of Belarus - in the case of mutilation or other bodily injury, the medical maintenance and prosthetic repair costs carried out in the Republic of Belarus shall be reimbursed; and in the case of death of the sufferer, the repatriation costs shall be reimbursed;

2) should the insurance event occur in the territory of a foreign state - the extent of damages and the procedure for their compensation shall be determined in accordance with the laws of the state where the wrong-doing that constitutes the ground for the claim for compensation has taken place. The determination of the extent of reimbursable harm to the life or health of the sufferer shall be carried out pursuant to the decision of the foreign state's court.

The insurance compensation is to be paid within 5 working days following the date of drawing up the claim report; in the case of compensation for harm to the life or health of any person, not later than the tenth day of the month following the month within which monthly payments in compensation for harm to the life and health of sufferers shall be provided.

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