Property insurance against war risks

Thus, when entering into such agreements, certain requirements must be met, in particular:

• Provision of information on the name of the legal entity, location of the object of insurance, category of property transferred for insurance
• Providing confirmation that there have been no losses under war risks since the beginning of a full-scale invasion.
• Provide confirmation that the object has not been abandoned and is functioning as of the date of commencement of coverage.
• Breakdown of values by property category.

The maximum limit of indemnity for one risk and for the contract as a whole is UAH 20 million.

Yes. Objects located at a distance of less than 100 km from the occupied territories and from the border with the Russian Federation are not eligible for insurance.

The following objects are not eligible for war risks insurance:

• Power plants and other critical infrastructure (ports, airports, bridges, overpasses, dams, etc.)
• Port infrastructure, including any other property located on the territory of ports
• Facilities involved in the production, transportation (pipelines) and storage of oil, gas, and petroleum products
• Agricultural machinery, construction and other special equipment
• Vehicles, aircraft and ships

Factors affecting the tariff:

• proximity to critical infrastructure facilities,
• percentage of glazing,
• total value of the property,
• availability of a property insurance contract for Property Damage (PD)

The approximate annual rate is 0.8%-1.2% of the sum insured.