Business news from Ukraine

TAS Insurance Group paid UAH 1.6 mln for drowned excavator

TAS Insurance Group (Kyiv) has paid UAH 1.567 million for a Hidromek HMK 370LC HD excavator drowned in a swampy area, having settled the incident in full, according to the insurer’s website.

It is specified that the incident occurred at one of the border areas in the Rivne region, where large construction equipment, including the excavator insured by TAS, was involved in the construction of additional protective structures. At some point, the excavator suddenly began to “sink”. To rescue the machine, the State Emergency Service was called, which used another excavator to try to make a flooring and at the same time launched drainage pumps.

After examining the circumstances of the incident, TAS Insurance Group, where the excavator was insured under the Pravoe KASKO contract, recognized the incident as insured and settled it in full.

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