Azerbaijan, Baku, August 13 / Trend A. Akhundov /
Azerbaijani Insurance Company Qarant Sıgorta introduced three new products - "Qarant-flat", "Qarant-responsible neighbor" and "Qarant-entrepreneur", a statement said.
Customers who use the product "Qarant-flat", will be able to insure their homes against the risk of flooding. This product provides coverage for damage from flooding as a result of leakage, breaking of water, sewer pipes and water tanks, located in an apartment or a neighbor's apartment (building house).
The product "Qarant-responsible neighbor" insures customers and their family members from civil liability for damage to life, health or property of third parties as a result of flooding due to leakage or breaking of water and sewer pipes and water tanks in the apartment or house.
Insurance product "Qarant-entrepreneur" is performed only for the already built and refurbished property used in business. This product provides coverage for damage from flooding as a result of leakage or breaking of water and sewer pipes and water tanks, located in the apartment or in a neighboring apartment (building house).
According to the terms of new products, the insurance contract is concluded for the already constructed, renovated and occupied homes and apartments. Otherwise the contract is considered invalid from the moment of signing. Moreover, the agreement covers real estate and movable property located in an apartment, home. The insured sum for any kind of accident and all incidents that occurred within a specified period, is, in general, 5,000 manat. Insurance charges for products "Qarant-flat" and "Qarant-responsible neighbor" is 40 manat.
Insurance charges for the product "Qarant-entrepreneur" varies depending on floor space: 0-100 square meters - 50 manat, 101 - 200 square meters - 80 manat, 201-350 square meters - 105 manat, 351-500 square meters - 125 manat.
The insurance fee is disposable for all three products. The policyholder and members of his family are insured.
Qarant Sıgorta launched the actual activity since the beginning of 2008.
Following 2009, the amount of the insurance company's charges amounted to 4.185 million manat, and the amount of the insurance payments - 250.073 manat.
During 2009 employees of the company introduced new products Qarant avto, Qarant Sıgorta, Qarant Usaq, insurance for traveling abroad.
Qarant Sığorta got license by the Ministry of Finance to establish "Qarant insurance agent" in 2009.
In January 2009, Qarant Sığorta has successfully passed the audit for the international certificate ISO 9001:2008 in Azerbaijan.
Insurance Company Qarant Sigorta got license for insurance activity in November 2007 from the Azerbaijani Ministry of Finance. Qarant Sigorta is part of ZQAN Holdings. The company provides services on 18 voluntary and four compulsory insurance.
On August 13, the official exchange rate is 0.8037 manat to $1.