Insurers refuse to pay reimbursement to businesses that operate under fire. But there is an exception.

Insurance companies will refuse to place risks of businesses operating in cities with high war risks. But it is still possible to get insurance. How to do it?

A full-scale war changed the approach to underwrighting of insurance risks. Companies avoid insuring Clients in the occupied territories, as well as in cities under fire: Odesa, Mykolaiv, Kharkiv. The classic rule: losses due to military actions are an exception in property insurance contracts. The insurance company will not pay the claim if the property of the business is destroyed by an enemy missile that hit it.

However, there are cases when military actions affect the insured event indirectly. For example, firefighters will not be able to stop a fire on a farm because it is in a war zone. Lightning strikes the premises and causes a fire, but the rescuers cannot come because they are putting out the fire at a military warehouse nearby. The ambulance was 2 hours late because the only bridge in the village was blown up.

In the above examples, insured event caused 100% property damage and caused a 100% loss of property - but the loss could have been a half of that if the rescue services had not been hampered by wartime circumstances.

Today insurance companies still do not know how to properly insure such risks.

What should a business do that wants to insure its property?

1. Make sure that the object of insurance is not located in the occupied territory. If it is there, the company will not insure it. Even if the insurer accidentally misses the address of the object and signs such a contract, he will not be able to compensate for the loss, because he will not be able to inspect the damaged property.
2. Contact an insurance company in oder to make sure that the company agrees to provide conditions for your location.
3. It is important to ask for a draft of the contract to read how the exclusion of risks due to hostilities is formulated — that is, under what conditions the company will consider hostilities as the cause of losses and refuse compensation. Each company has different wording.
4. If the insurance contract contains the term "territory of military operations", it is important to check whether the object's address does not fall under the "official list of territorial communities located in the area of ​​military operations". It can be found on the website of the Ministry of Regional Development of Communities and Territories.

If the object of business is not located in an officially designated area of ​​hostilities or occupied territory, and the wording of the exclusion of risks due to hostilities is correctly registered with the insurance company, it is realistic to get insurance. Despite military actions.

The author of the article is Vitaly Lebedovskyi

Source NV Business