Azerbaijan, Baku, Dec 19 /Trend A.Akhundov/
Azerbaijan has expanded the list of risks covered by compulsory immovable property insurance on Monday.
Individual apartments and houses are subject to compulsory insurance in accordance with the law On mandatory types of insurance, the practical execution of which insurance companies have started from Dec. 16.
The minimum level of compensation for each region is provided to ensure greater social security. For Baku, it amounts to 25 000 manat
The law On mandatory types of insurance, regulates the four types of compulsory insurance, real estate, civil liability of vehicle owners, passenger insurance, liability insurance for operation of real estate.
The official exchange rate is 0.7864 AZN/USD.