Ingosstrakh Insurance Company will Continue to Insure the Apartments of Moscow Residents on Favorable Terms
Ingosstrakh Insurance Company is launching a new housing insurance product for Moscow residents. Since January 1, 2021, Moscow residents can execute an apartment insurance policy on conditions similar to the City Housing Insurance Program of the Moscow Government.
The policy assumes protection against risks such as fire, natural disaster, short circuit, explosion, water damage, mechanical damage, as well as damage to engineering structures. The annual insurance premium is the same for all categories of apartment buildings and amounts to RUB 2.30 per month or RUB 27.60 per year for 1 sq. m. of the total area of the apartment. The maximum amount of compensation is RUB 44,000 for 1 sq. m of the total living space.
The City Housing Insurance Program has been operating in Moscow for 25 years. Over the years, it has won the trust of Moscow residents, 2.5 million families have taken advantage of the insurance, more than 205 thousand insured events have been settled, for which the victims were compensated for a total of almost RUB 4 bn. At the end of 2020, the Moscow Government decided not to select insurance companies for further participation in the program; the charge for the “voluntary insurance” service in the unified payment documents for utilities has been excluded since December 2020.
Ingosstrakh Insurance Company is a member of the City Housing Insurance Program and provided insurance coverage for residential premises in the Eastern and Central Districts of the capital on favorable terms. The company will continue to fulfill all its obligations until the expiration of the insurance policy under the program, after which Moscow residents will be able to purchase the company's own apartment insurance policy. For the purpose of informing about the new product, the mailing of offer policies for residents of the Central and Eastern Administrative Districts of the capital was carried out.
“The housing insurance program was developed in the early 1990s and has proven itself well – more than 80% of citizens, according to the results of the sociological survey ‘Muscovites' Opinion on Housing Insurance’ carried out by specialists from the Institute for Regional Economic Research (IREI) with organizational and consulting support from the State Budgetary Institution ‘Center for Property Payments and Housing Insurance’, note the need for its existence. Taking into account the growing popularity of personal property insurance, as well as the experience in the implementation of the city program, Ingosstrakh Insurance Company decided to continue working in this direction offering residents protection of their premises from the most common risks on favorable terms,” Victor Kucher, Vice President of Ingosstrakh Insurance Company, comments.
Additional information about the program conditions can be obtained by phone: 8 (495) 232-01-27.