JSIC Seesam Latvia property insurance protects not only investments made in your private home or apartment, but also any valuable property owned by you.
JSIC Seesam
In the insurance of property of individuals, any property owned by you may be the insurance object:
Your home - real estate - private house, apartment, auxiliary structures (e.g., farm house, sauna, garage, etc.). If agreed separately, it is possible to insure also the area improvements (a new construction or real estate which is the reconstruction phase, auxiliary structures, fences, gates, etc.).
At the same time, all constructive elements and components, such as glazing, doors, stairs, interior and exterior furnishings, home engineering systems (heating and cooling, gas, water and sewage systems, piping, wiring, etc.) as well as other integral parts of housing are insured.
Your property - movable property - declared in writing as your own property, i.e., furniture, household electrical equipment, audio, video, computer equipment, clothing, household supplies, appliances, etc.
JSIC Seesam
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We cover loss caused by fire. Your deductible will be LVL 0.00.
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We cover loss caused to prams, skis, bicycles, video and audio equipment, etc. also during the period of time when the insured property is located outside your property at any place in the
Republic of Latvia. We indemnify the loss caused in connection with occurrence of theft, burglary, vehicle impact and fire risks. -
We offer replacement dwelling up to
900 LVL per month (maximum daily limit is 30 lats) if the insured dwelling has become unsuitable for habitation in the result of occurrence of an insured event. -
We cover losses caused to external engineering systems (gas, steam pipes, cables and power lines) up to their connection to the public networks.
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We cover losses caused by water leakage in cases where the leak occurred in the result of mild negligence of the policyholder or the insured person, such as forgetting to close the water tap in the bathroom, resulting in flooded apartment.
In JSIC Seesam Latvia you can insure your property against the following risks:
The basic risks are:
- fire, lightning, explosion, falling of aircraft and their parts or cargo;
- storm, hail;
- water, heating and sewerage system failure;
- burglary, robbery;
- unlawful conduct of third parties.
Additional risks:
- flooding;
- vehicle impact;
- the weight of snow or ice;
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falling of trees, a mast or pole;
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glazing breakage;
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natural electrical phenomena;
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earthquake;
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replacement dwelling;
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flood.
Note!
When taking out property insurance, make sure that the insurance company insures your property according to its reinstatement value! If you have insured your property according to its reinstatement value, then you've paid to the insurer enough to ensure full restoration of your property or purchase of new property.
Neither underinsurance nor overinsurance is advantageous to you because the insurer will cover your expenses in proportion to the insurance amount. In the case of underinsurance you will lose a part of remuneration, but in the case of overinsurance you will pay too much.