OREANDA-NEWS. October 9, 2007. The first contract insures the borrower’s life and working capacity, as well as property, including structural elements of non-residential premise and excluding internal furnishings and plumbing systems, and loss of ownership title.

The second contract insures the borrower’s life and working capacity, as well as property, including structural elements of residential premise and excluding internal furnishings. The property risks insured under these contracts include fire, gas explosion, lightning stroke, aircraft impact, illegal third-party actions, flood, natural disasters, and collision with land vehicles.

The accident insurance coverage provides indemnification against the following risks: death of the insurant due to an accident or natural reasons; permanent and complete loss of general working ability with assignment of the 1st or 2nd disability group to the insurant due to natural reasons.

Title insurance covers the risk of loss of ownership title to the real estate object due to the reasons out of the owner’s control, such loss being subject to confirmation by the valid and effective court decision.