The basic principle of the insurance for the legal persons is to compensate the damages for the insured property so that it could be renewed or replaced for the other same or similar property.
Seesam Latvia offers for the legal persons to insure the office, the production or the storage premises, the fixed assets of all the type (the office technique/ equipment, the storage equipment, the production equipment, etc.), as well as the stores of the finished goods, the raw materials and the software provision, data.
Benefits of corporate property insurance provided by the JSIC Seesam
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insurance of engineering systems outside buildings;
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insurance against losses that may occur due to changes in the quality of electrical power in public networks;
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insurance against loss or damage which may arise in connection with damage or failure of a public water, heating or sewer line;
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insurance against damage to interior which can occur during snow melt;
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insurance against breakdown of building elevators, heating and ventilation equipment, security and fire safety systems;
as well as:
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cover of costs of expert evaluation of an insured event;
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decision on payment of insurance indemnity is taken within 10 (ten) business days after receipt of the documents;
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insurance indemnity is paid within 5 (five business days after adoption of decision;
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Extra! Insurance indemnities up to LVL 1000 are paid within 2 (two) business days after receipt of the documents and signing of the statement of the loss.
In the case of insurance of a real property, permanently attached advertising signs, antennas, security cameras are insured automatically.
If the JSIC Seesam
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loss or damage incurred as a result of fire fighting (even if the fire broke out in another property that is not owned by the policyholder, including damage caused by heat, smoke and soot);
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falling of objects lifted up into the air by a storm (at least 20 m/s) or, for example, falling of panels, gutters, roofing material, branches onto the insured object during a storm;
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damage caused by water in connection with
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erroneous activation of permanent fire-extinguishing systems;
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blockage of water supply or sewage systems caused by acts or omissions of third parties as well as in cases when the blockage has occurred outdoor;
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frost effects;
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drawing pictures or writing on the property, including graffiti, by third parties;
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glazing crushing, even if the glass is broken due to ordinary negligence of the insured, his employees and third parties. In addition, we will indemnify for the costs necessary for a temporary cover instead of the broken glass;
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damage caused by weight of the snow even if the snow has not been removed in due time because of valid reasons;
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as well as reduced rescue and debris removal costs, such as costs of cleaning of the damage place, dismantling of structures, removal of ruins and debris as well as clean-up of the damage place.
Optionally you can insure the following in the JSIC Seesam
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portable handheld equipment when it is used in the territory of the Baltic countries
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area improvement items, such as benches, tables, flagpoles, playground elements, walkway covering material, lighting (10% of the building insurance amount).
When you buy the property insurance, be aware and make sure that the insurance company will insure your property for the value of its renewal!
If you insure the property for the value of its renewal, then you will have paid for the moment when the insurer will completely pay for the renewal of your property or to purchase the new one.
Neither the under-insurance, not the over-insurance is appropriate for you, because the insurer will cover your expenses proportionally the sum of the insurance. In case of under-insurance you will lose the part of the indemnity, but in case of the over-insurance you will overpay.
Attention!
Follow the changes of the market and do not insure your property year by year for one and the same sum, because in the result of inflation your property can be insured for under-insurance by chance.