Business Fire & Special Perils and Rents Payable 👉 Est. Ann. Cost: €700 – €840 Upfront fee required €77

Please note that the information provided below is not the complete or final product. All relevant details and materials will be discussed during our communication. The examples here are real, but not exhaustive, and are only meant to give you an idea.

estimated premium €700-€840

Part 1 – Material Damage – On the building(s) located at: EUR 0.00

Part 2 – Material Damage – On the Contents within and upon the building(s), which are the property of the Insured or held by them in trust and for which they are responsible: EUR 126,000  + Rents Payable after an insured damage

Memorandum 1
The insurance of Fees applies only to those necessarily and reasonably incurred for the reinstatement or repair of the Insured Property as a result of its destruction or damage, but not for the preparation of any claim. It is understood that the amount payable under this clause shall not exceed the insured amount in total.

Memorandum 2
The insurance of Rent applies only if any of the said buildings (if any) or any part thereof becomes uninhabitable due to its destruction or damage, and in such case, the amount payable shall not exceed the proportion of the insured amount to the rent that corresponds to the period necessary for reinstatement relative to the insured rental period.

DEDUCTIBLES FOR MATERIAL DAMAGE
A. Earthquake Deductible
In respect of loss from Earthquake, the Insurer shall not be liable for 1.5% of the Total Sum Insured. This deductible applies to each loss at each separate location as determined after applying any Average Clause (Underinsurance) and all other terms, definitions, exclusions, and conditions of the insurance policy.

B. Deductibles for Malicious Damage
In respect of loss from Riot, Civil Commotion, Strikers, Locked-out Workers affected by the declaration of a Strike, or persons taking part in Labor Disturbances, Malicious Persons or Vandals, the Insurer shall not be liable for the first €500 of each and every loss, as determined after applying any Average Clause (Underinsurance) and all other terms, definitions, exclusions, and conditions of the policy.

C. Other Deductibles
The Insurer shall not be liable for 5% of the assessed damage, with a minimum of €750 per loss, at each separate premises arising independently from each insured peril.