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RISK PACKAGE
RISK PACKAGE
RISK PACKAGE is a unique product in the insurance market of Bosnia and Herzegovina because it includes insurance of a house, holiday house, flat and things in them for new purchase value against a huge number of risks per favourable price.
“Risk Package” insurance against fire and other dangers is agreed on new value and includes private inhabited and uninhabited houses, holiday houses, garages, flats in condominium (including ideal part of a building that belongs to the flat) and the things of the household in the ownership of the insured and the members of his household.
New purchase value of a building constraction is usual value of new building, including the costs for architects, other project costs, construction costs and additional building costs necessary to build an object of the same type and quality.
New purchase value of the equipment and the things is a new purchase value of the equipment in the place of insurance, that is the invoiced price of the equipment and the things of the same type and quality increased for the costs of delivery, installation, customs and other expenses.
Claims are compensated in new purchase value and are not decreased for deduction of absorption (amortization). When calculating the claim, for a damaged or destroyed object of insurance, the insured always receives compensation for the new purchase value of the object, no matter of real age of it.
The objects may be insured for new purchase value if their real value is not less than 40% of new value at the time of signing the insurance contract. If the value of the insured objects is less than 40% of new value, they are insured for “reduced new purchase value”.
