Explosion Insurance

By choosing FLEXA (fire, lightning, explosion, aircraft) insurance policy you can insure your property against the following basic risks:

• fire and lightning
• explosion, excluding nuclear
• aircraft fall and impact

For an additional premium, the policy cover can be extended to include one or more additional risks:

• windstorm, hailstorm, own vehicle impact, own powered machinery impact, unknown vehicle impact, public events and demonstrations
• flood and extreme tidal conditions and waves, torrent and high water
• spillage from water mains and sewers
• subsidence and landslides
• avalanches
• leakage from tanks or pipelines
• stock self-ignition
• spillage of hot molten substances
• earthquake

This type of insurance has a more specific cover than standard fire insurance and insurance against other perils, with a lower premium in comparison to the basic fire cover.

Under this insurance policy, the insurer is obliged to pay out compensation for the damage caused by the destruction, damage or loss of insured property as a result of the following BASIC risks:

• fire and lightning
• explosion
• windstorm
• hailstorm
• public events and demonstrations
• water flooding
• frost
• ice and snow
• avalanche
• rain
• landslides and fall of ground
• land subsidence
• accident during erection
• inaptitude, negligence or malicious intent by an employee or another person
• burglary

Unless otherwise stipulated by the contract, for each insured loss occurrence, a standard deductible of 10% of the total damage expenses is borne by the insured. If a higher deductible is applied, the insured obtains a 30% discount.

In the event of contractors third party liability claim, a deductible is not applied.

The duration of erection works also affects the premium amount.

You can add the following risks to your policy:

• flood and torrent, high water and underground waters
• landslip
• erection third party liability insurance
• erection contractual liability within the maintenance period