OREANDA-NEWS  On 17 October was announced, that the branch of IJSC Ingosstrakh in Voronezh insured OJSC Elan-Kolenovo Sugar Refinery located in the Novo-Khoper District of the Voronezh Region. The insurance provides coverage to all agricultural sugar beet processing machinery and equipment.

The insurance policy covers such risks as fire, thunderbolt, gas explosion, damage by water, illegal infiltration and theft, improper activities of third parties (including intended destruction or damage, disorderly activities and vandalism).

The amount insured under the contract is RUR 203mln. The insurance contract is valid till 2015 inclusive.

The Beneficiary under the contract is OJSC Russian Agricultural Bank, since the processing equipment is insured as part of the mortgage insurance arrangements with the Bank.

IJSC Ingosstrakh has been cooperating with OJSC Elan-Kolenovo Sugar Refinery since 2005. Previously, the refinery insured its transport park, the buildings and constructions of the refinery, the commercial stock and the stock of fuels and lubricants, as well as the processing machinery and equipment (also insured under the mortgage insurance arrangements of the Russian Agricultural Bank).