Railway Transport Insurance is a type of property insurance. Losses in the operation of railway transport may occur due to various factors, including those beyond human control. Events associated with a loss can cause great damage to the economic activity of an enterprise. In this case a timely executed insurance contract may serve as a guarantee against losses and of further success. Our company has extensive experience in railway transport insurance and it offers its customers insurance coverage on favorable terms.
The object insured is the property interest of the policyholder related to possession, use and disposal of railway transport, as well as the risk of loss (destruction) thereof or damage thereto as a result of insured events.
An insured event is the loss (destruction) of or damage to railway transport due to the following events:
explosion;
crash, accident, collision;
soil subsidence;
destruction of a bridge;
unlawful acts of third persons, namely, burglary, theft, robbery.
1) passenger railcars, postal cars, baggage, postal-baggage cars, dining cars, service and technical (service, clubs, medical, testing and measuring laboratories and other special passenger type railcars);
2) freight cars - covered, open wagons, platforms, tanks, special wagons for transportation of goods (hopper cars, insulated, refrigerated wagons, grain carts, container transporters, livestock and live fish wagons, asphalt wagons, rail car transporters, and special freight cars);
3) other railway transport relating to rolling stock.
Sum Insured:
Value of the rail transport.The object insured is the property interest of the policyholder related to its obligation under the civil legislation of the Republic of Kazakhstan, to compensate for any damage caused to life, health and (or) property of third parties (victims) as a result of operation of rail transport as a source of increased danger.
The sum insured and insurance premium shall be established as agreed by the parties.
An insured event is the fact of occurrence of civil liability of the policyholder for compensation for harm caused to life, health and (or) property of persons recognized as victims, as a result of sudden, unexpected event in the course of rail transport operation by the policyholder.
Insurance can be carried out in respect of liability to the policyholder to:
third parties, except for passengers;
passengers;
cargo owners.
There was an accident and you have encountered a problem? Don’t you worry if you have an insurance policy with Eurasia IC JSC. We sympathize with you and are ready to give you our assistance and support.
