OREANDA-NEWS. On 21 April 2008 Allianz Ins.Co. announced launch of the new individual property package insurance program called Megapolis. The product considers needs of the target audience in the fullest scope.

The Megapolis program provides for package insurance of individual property against a wide range of risks and consists of 2 blocks. The first block provides for property insurance itself (construction elements, internal finish, engineering equipment, and movable property). The second block allows the insured party insure its responsibility for doing damage to life, health, and/or property of third parties while using this property.

In addition to the high level of service support of the product, benefits of the Megapolis product are the following:
Wide range of property accepted for insurance. Under the agreement, personal things of the insured person may be insured (clothes, footwear, bedding, etc.).
The widest coverage on the following risks:
Risk “brand” includes arson;
The widest range of risks on natural disasters;
Risk “damage by water” also includes coverage of losses done to the property due to incautious actions of any person, including the insured party.
In the course of acceptance for insurance, there is no necessity to perform an expertise, evaluation of property. The insured person shall individually establish insurance amounts, and in case of loss occurrence, damage shall be covered in the framework of these declared limits.
Simplicity, fastness, and convenience of the insurance policy execution.

“Developing the Megapolis program, we were aiming to take into consideration all the requirements of our customers on insurance against risks related to property use, - Olga Grubych, Director of Allianz Ins.Co. Insurance Products Department, mentioned. – This product is most flexible. On the one part, it provides for coverage of the most complete range of risks, and on the other part provides the customer with an opportunity to choose, against which risks he/she want to be insured. Conveniences of the product are: the customer may insure property in various combinations: construction elements (for instance, walls), finish (for instance, wallpaper), movable property (for instance, furniture, equipment). Agents shall easily calculate the cost of different variants of the program, which simplifies and accelerates the procedure of the policy execution. We tried to make this product most simple for our customers and for the agents , who are to carry the new service to the consumers. We are sure that the Megapolis Program shall prove that insurance may be understandable and convenient for every insured person”.