"Sığortalı Bakı" Property Insurance Program by Pasha Sığorta

Xidmətimizdən razı qaldınızsa bizdən danışın!

Xidmətimizdən narazı qaldınızsa bizimlə danışın!

COMFORTED LIFE IN INSURANCE CITY

Our city is our big home. Everyone has the right to live in Baku, to benefit from his home, garden, business facility, which he has earned for many years. It is difficult to see any accident happening in advance, but eliminating its consequences is a social task. Raising a demolition, helping those in need and obedience are the values that each Azerbaijani has.

PASHA Insurance insists on these values and insists all residents of Baku to insure their property.

Compulsory Real Estate Insurance within the “Sığortalı Bakı” Project

Compulsory real estate insurance is applied to compensate for damages caused by damage, destruction or damage of property in the event of fire or other events.

Why should you insure your property?

Earthquakes, landslides, fire, lightning and other catastrophes are not rare cases in Azerbaijan due to floods, fires, floods, especially due to the republic's tectonic zone. It is crucial that you insure your property in order to be able to insure such high-profile incidents, as one of the most important assets in your life is real estate.

Compulsory insurance of residential buildings and flats, insurance indemnities and insurance premiums:

Insurance conditions for real estate (residential areas) located in Baku are as follows:

Insurance fee: 50 AZN

Insurance period: 1 year

Amount of guarantee: 25 000 AZN

(Damages up to 25 000 AZN

except for the amount of unconditional exemption

fully met)

Chargeable amount: 250 AZN

What does a compulsory real estate insurance cover you from?

Damage, destruction or any other loss of property as a result of the following events is considered to be an insurance event:

• Fire, lightning strike;

• Gas explosion at home and production;

• Short circuit in electrical wiring;

• Explosion of steam boilers, gas tanks, gas pipelines, machines, apparatus and other similar installations and devices;

• Water, heating, sewerage and fire extinguishing systems, subassemblies;

• falling, falling, collapsing, collapsing, discharging any object and its parts;

• Overplane transport;

• Natural disasters: earthquakes, volcanoes, storms, hurricanes, floods, floods, floods, floods, landslides, torrential rains;

• Actions of the third person.

Insurance coverage advantages of PASHA Sigorta:

- Payment of damages in a short time;

- Customer service within 24 hours;

- Our reliable and leading insurance company in our country

Real Estate Insurance Law

Compulsory real estate insurance is provided in Chapter II of the Special Part of the Law of the Azerbaijan Republic "On Compulsory Insurance".

Ø According to Article 35.2 of the Compulsory Insurances Act, the property of legal and natural persons, residential and non-residential premises, residential houses and buildings, apartments, as well as the list of relevant public authorities, shall be compulsory (mandatory).

Ø According to the Decree of the President of the Republic of Azerbaijan dated December 28, 2014, the relevant amendments have been made to the "Regulations on Local Executive Authorities" and the Local Executive Authority has been entrusted with control of compulsory insurance of apartments in accordance with the Law of the Azerbaijan Republic "On compulsory insurance".

Ø The immovable property, built in the places not authorized by the legislation of the Republic of Azerbaijan, the state and local self-governing bodies that have decided to construct, demolished and are in an emergency condition, are not involved in compulsory insurance.

Damage, destruction or any other loss of property as a result of the following events is not considered an insurance event:

- Intentional actions of the insured, beneficiary or their executives aimed at the occurrence of the incident;

- Damage to such property as a result of the influence of the production flame or heat applied to the insured property for repair, refurbishment or other industrial purposes, as well as the fire;

- Stealing any part of the property during or after the event;

- Ground water level change;

- Pouring water from pipes or reservoirs as a result of frost, wear, ejaculation, gradual destruction, repair, relocation or capacity increase of pipes and reservoirs.

Penalties imposed by law violations

Compulsory insurance agreement is considered to be a violation of the law, and according to Article 253-1 of the Code of Administrative Offenses of the Republic of Azerbaijan, the obligation to compulsory insurance of the relevant risks has been determined and the relevant compulsory insurance agreements (excluding motor vehicle owners' civil liability and accidents in production) is fined.

• Individuals - 10 AZN

• Officials - 60-80 AZN

• Legal entities - 200 AZN

In addition to the insured Baku project, you can also insure your property in the following areas:

- Ganja city

Compulsory insurance fee: 40 AZN

Insurance period: 1 year

Collateral amount: 20 000 AZN

Amount of unconditional exemption: 200 AZN

- Guba city

Compulsory insurance fee: 30 AZN

Insurance period: 1 year

Amount of guarantee: 15 000 AZN