Movable property damage Insurance policy
Covered risks:
Damage or loss of movable assets due to:
- Fire accident;
- lightning strike;
- explosion;
- falling of man-rated flying objects and their fragments on the property;
- acts of elements, namely: volcanic eruption or impact of subterranean fire, landslide, mountain slide, storm, whirl, hurricane, flood, hail, shower rain, snow slide, except for earthquakes;
- earthquakes and follow up fire;
- floods caused by water intrusion from Neighboring premises, breakdowns of water piping, sewerage piping, heating systems and fire fighting systems;
- unlawful acts of the third parties,namely: theft with breaking in, robbery, vandalism.
Loss of movable assets includes risks of property damage caused by the above mentioned factors in case of repair expenses higher than 80% of market price.
In case of «Theft” of movable assets "IC "Kazakhmys” JSC will reimburse losses equal to insurance sum according to this agreement, excluding rate of deductible franchise indicated by insurance agreement.
