Movable Asset Insurance covers machinery, equipment, and tools against major losses with fire insurance, water damage and windstorm insurance, as well as optional burglary insurance.
Movable Asset Insurance is a combined insurance that covers damages to movable assets in business operations, such as machines, tools, and equipment. It consists of fire insurance, as well as water damage and storm insurance and burglary insurance, that are optional.
What is covered? | What is not covered? |
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| Fire insurance covers damage caused by: | Fire insurance does not cover: |
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| Water damage- and storm insurance covers damage caused by: | Water damage- and storm insurance does not cover: |
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| Burglary insurance covers damages caused by: | |
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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 in the place 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, e.g, that doors, windows and other openings to the insured area are securely locked and the keys are stored in such a way that no unauthorized persons can access them.
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.
