OREANDA-NEWS. September 14, 2007. The contract provides property insurance coverage for the land plot with area of 1081.00 sq.m. and the residential house located thereon, with the total space of 302.7 sq.m., life and working capacity insurance coverage for the borrower, as well as title insurance. The contract has been concluded for 20 years. The contractual insurance amount is 13,305,600 roubles.

The property risks covered by the contract include fire, flood, gas explosion; natural disaster; unlawful destruction or damage inflicted by third parties; impact of aircrafts or parts thereof; and collision with transport vehicles.

The title insurance contract covers the risk of losing the ownership title for the property for the reasons beyond the owner's control, as certified by the valid and binding court decision. The contract for the borrower's life and working capacity insurance covers the following risks: death of the Insurant due to an accident or disease; loss of working capacity, with assignment to the Insurant of the 1st or the 2nd disability category.