Insurance
HPM provides comprehensive and cost-effective buildings and contents insurance cover specifically designed for the holiday property owners. Contact us to calculate the optimal insurance premium for your property.
General information:
The insurance cover is agreed on the basis of four standard clauses, i.e. basic, extended, maximum and limited cover. The basic cover includes loss and damage resulting from a fire (incl. consequences of extinguishing thereof), lightning, explosion or implosion, aircraft, parts or cargo there from, natural perils (incl. storm, hail, torrential rain, flood, snow or ice pressure, freezing, falling trees, branches or other external objects as a result of a storm or a hail), sewer water, vehicle or animal impact, as well as the expenses for loss minimization, removal of debris, relocation, protection and storage. For certain types of property (for example money in cash, valuables, etc.) the Insurer's liability is limited. The clauses for extended, maximum, and limited cover provide the opportunity of changes in the scope of cover and the liability limits depending on client's actual needs.
The insurance cover of each standard clause can be extended with:
- landslide or collapse of earth mass, earthquake, malicious acts, glass breakage of doors and windows on 'All Risks' basis, lost of rent;
- third party liability following insured event.
The insurance cover applies only to property located at the address mentioned in the policy.
The sum insured is established on the basis of the replacement value. The insurance premium is calculated following the tariffs of Allianz Bulgaria and depending on the type of the insured property, the agreed scope of cover, and specific risk-related factors.