In the Building Owner’s Insurance, we have combined several insurances for homeowners that protect them against the most common damages to property.
However, Fire Insurance for the property is not included, as the property owner is required to purchase it separately.
Building Owner‘s Insurance is composed of 8 different insurance policies and covers the most common damages that occur to a commercial building. It is taken out in addition to building fire insurance.
What is covered? | What is not covered? |
|---|---|
| Water damage insurance covers: | Water damage insurance does not cover: |
|
|
| Storm insurance covers: | Storm insurance does not cover: |
|
|
| Heavy snowfall insurance covers: | Heavy snowfall insurance does not cover: |
|
|
| Burglary insurance covers: | Burglary insurance does not cover: |
|
|
| Rental insurance covers: | Rental insurance does not cover: |
|
|
| Glass insurance covers: | Glass insurance does not cover: |
|
|
| Soot damage insurance cover damage due to: | Soot damage insurance does not cover: |
|
|
| Property owner‘s liability insurance covers: | Property owner‘s liability insurance does not cover: |
|
|
The insurance policy does not cover damages caused by natural disasters or damages caused by war, terrorism, pollution, or other similar events.
The insurance is valid for the property specified in the insurance policy.
You must report any damage as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information in the insurance policy is accurate.
You must inform us of any changes in your address, telephone number, and email address.
You must follow all the precautions in the terms of the insurance policy.
The premium must be paid on the due date. When the insurance policy is issued or renewed an electronic claim is created in your online bank. You have the option to distribute the premium payments by:
Credit card payment, where the premium is charged monthly to a credit or debit card.
Direct payment, where your bank account is debited monthly.
Corporate distribution, where the premium can be paid in monthly payments.
The insurance policy takes effect when an offer is accepted and is renewed annually until it is canceled.
Individuals and companies with fewer than five full-time positions can cancel the insurance at any time and it will expire at the end of the following month after the cancellation is received. Other companies can cancel their insurance one month in advance before the end of the insurance period.
The cancellation must be in writing, for example with an electronic signature.
