What you can protect with a property insurance policy


Immovable property (real estate)

  • Residential property (apartment, house, cottage, including outbuildings)
  • Commercial property (office building and premises, production premises, warehouse, retail building and premises, etc.)
  • Interior finishing of premises (walls, windows, doors) and equipment of premises

Movable property

  • Furniture; audio, video and household appliances, etc.
  • Computer and office equipment
  • Production and technological equipment
  • Retail and restaurant equipment
  • Raw materials and goods in a warehouse
  • Vehicles when stationary

In addition:

What dangers a property insurance policy protects against

Flooding by water. Water supply, sewage and heating pipes can often let you down at the worst possible moment. That is why water damage is a common event that can affect anyone. Moreover, you can be flooded even if your own pipes are intact and your neighbours' turn out to be weak. To receive an insurance payment, you need to call an emergency commissioner so that he records the insured event.

Fire. This belongs to the group of main risks. Fire spreads very quickly and therefore does serious damage to everything in its path. We offer the possibility of insuring housing and other property against fire arising from various causes. To receive an insurance payment, you must call the fire brigade and an emergency commissioner whatever the outcome, so that they record the insured event.

Gas explosion. Such an event, as a rule, has major destructive consequences. It is also dangerous because of the spread of harmful substances that contribute to poisoning of the human body. In the event of a gas explosion, you must seek help not only from the fire brigade but also from representatives of the gas organisations, in order to draw up a report and establish the cause of the explosion.

Earthquake. A relevant risk for the seismically active regions of Kazakhstan, recorded by the state hydrometeorological service.

Other natural disasters. Hurricane, hail, flood. As statistics show, these phenomena have begun to damage people's property more often. An event such as a "natural disaster" is recorded by the state hydrometeorological service. It is simply essential to contact the insurance company in such a case.

Lightning strike. Country houses or dachas not fitted with a lightning conductor are more often subject to this. If this misfortune has befallen you, you simply need to call the insurance company.

Falling objects. This is one of the rare events, but it does still happen. The fall of aircraft and helicopters entails serious losses and damage. If this is your case, you must call the police to the site of the fall to draw up a report.

Crimes. The insurance extends to all possible forms of damage to your home and property by criminals. Burglary, as one of the most common cases, robbery, armed robbery and hooliganism are included in this list. To meet the conditions of the insurance, you need to contact the police.

How the sum insured is determined

The sum insured for property insurance is usually its market value. In some cases, an assessment may be carried out by an independent appraisal company.

How the insurance payment is calculated

The insurance payment is calculated and made in the amount of the actual damage caused to the property, within the sum insured, less the deductible specified in the insurance policy.

How much an insurance policy costs

The cost of property insurance depends on many factors, which are stated when completing the Insurance Application. In some cases an inspection is required. If you are not sure that you can accurately determine the value of your property, an independent appraisal company may be engaged to assess it. When concluding a property insurance contract, by agreement with you, the insurance company will set a deductible, that is, determine the amount of damage for the compensation of which you are directly responsible. The deductible is set both as a percentage of the sum insured and as an absolute amount. In any case, the presence of a deductible in the insurance contract reduces the amount of premium you will have to pay, and also simplifies the formalities when small losses occur.