Insurance
Tenant Liability Insurance

Coverage: the insurer pays compensation for the amounts that the insured, in their capacity as a tenant, owes for non-pecuniary and pecuniary damages caused during the term of the insurance to the owner/landlord of buildings/premises and/or to third parties in connection with their intended use (coverage based on an insured event). The insurance also covers the costs of defending the insured, to the extent that they are incurred with the consent of the insurer, as well as the fees and legal costs awarded in the compensation case - up to 10% of the agreed liability limit.

Excluded risks and other conditions: - described in detail in the General and Special Conditions.

The insurance coverage includes:

• the amounts that the INSURED is legally liable to pay as compensation for non-pecuniary and pecuniary damage caused to the owner/landlord and/or third parties;
• the amounts that the INSURED is liable to pay for damages caused by persons working under his/her supervision or on his/her behalf, as well as members of his/her family, in the performance of any activity or function specified in the Policy;
• expenses reasonably incurred by the insured to prevent and limit the damages covered by these terms and conditions, as well as other expenses incurred with the consent of the insurer;

Limits of liability: a limit is agreed for a single event and for the term of the insurance, which is usually double the limit for a single event.

Insured's contribution to each claim: usually 10% of each property damage. No contribution by the insured applies to non-property damage.

Conclusion of the insurance: based on a completed application form provided by the insurer.

Tariffing: based on the agreed limits.

In the event of an incident that could lead to a claim under this insurance, the insured shall notify the insurer in a timely manner, who shall provide instructions on the necessary documentation and the procedure to be followed by the insured. In the event of a dispute in court, the insured shall be obliged to involve the insurer as a third party.

Compensation shall be paid within the agreed limits of liability on the basis of an out-of-court settlement between the parties or in accordance with a final court decision against the insured.