INGo Insurance Company (Kiev) expanded its possibilities for apartment insurance by increasing the range of dangerous situations, such as damage to windows, balconies and loggias as well as military risks that were traditionally not included in property insurance programs for citizens, according to a press release from the insurer.
As noted, individuals who buy a property insurance policy can now be confident in protecting their property even in difficult wartime conditions.
“Such causes of destruction of buildings as shells, missiles, mines, balloons, etc., and consequences of explosions – broken glass and other damage to real estate – have always belonged to the list of exceptions, which exempted insurers from paying compensation to victims. However, now that the country is in martial law, we have decided to give people the opportunity to protect their property from these risks as well,” says director of retail business of the company Nikolai Matika, who is quoted by the press service.
It is specified that insurance coverage applies to both movable and immovable property of the apartment (decoration, repairs, engineering and other communications, furniture, appliances and other equipment, etc.), and liability to neighbors (or other persons).
It is possible to insure apartments that are located in a residential building that has been commissioned, upon completion of repair and reconstruction works in the premises. The insurance amount can be chosen at your discretion and varies from UAH 250 thousand up to UAH 2 mln. Besides, losses, which are the result of “war risks”, will be compensated according to the terms of the contract within the insured sum without additional sublimits.
According to the press service, you can get an insurance policy “Apartment Express” for a short term from one month – or for a standard period of one year. Insured can be individuals and legal entities – owners or tenants. There is no need to carry out a preliminary inspection to conclude an agreement and insignificant losses – up to 30 thousand UAH – are regulated by a simplified procedure that requires minimum documents.
JSC “Insurance company “INGO” has more than 25 years of experience in the market.
Since 2017, the main shareholder of the company is the Ukrainian business group DCH Oleksandr Iaroslavskyi.
The company is included in the list of the largest insurance organizations of Ukraine in terms of premiums, the size of its own assets and the amount of claims paid. It has 29 licenses for different types of compulsory and voluntary insurance and provides insurance services to corporate and retail clients. INGo is a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), a member of the American Chamber of Commerce (ACC), the European Business Association (EBA) of the National Association of Insurers of Ukraine (NASU) and the International Chamber of Commerce (ICC).
