Jurijs Jakunins

MTPL:

• Compulsory insurance in Europe
• A fine for driving without an MTPL policy in Latvia is 60 euros and 2 penalty points
• MTPL validity can be checked here
• SMART radars are on the roads, deteсting cars without an MTPL
• Insurance premium amount depends on the Bonus Malus class. You can check your BM class here
• Property damage: limit 1'510'000 EUR;    Bodily injuries : limit 5'210'000 EUR

MTPL covers the loss to a third party in case of road accidents: car damage, property damage, bodily injuries - if at least one of the cars was in motion!
If a person should get injuries an Accident statement should be used - the form can be downloaded here:

MTPL offers 9 insurance companies in Latvia, a flexible system of discounts and promotions, a 30% discount on MTPL when applying for CASCO.

CASCO:

Voluntary type of insurance, coverage:
• damage - in case of road accidents, in case of illegal actions of third parties, for example, the car is damaged at the parking or due to negligence collision with a curb, pole, etc.
• theft, robbery or total loss - including theft of keys and luggage, theft of mirrors, theft of plstes, wheels and decorative elements
• fall of trees and icicles, falling into pits, floods, water hammer, fire, collision with animals

Insurance premium amount depends on the brand, year, if KeyLessGo exists and additional security systems. Deductible for glass and mirrors: 0 for all cases during the year, in case of accident: 0 for the 1st case and / or 150 euros for subsequent ones.

GREEN CARD:

is issued to all countries of Europe, Russia, Ukraine, Belarus, Azerbaijan, Georgia, Armenia for a period of 15 days

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AVIONIKA - insurance broker

Apartment / house insurance:
The MAXI private property insurance policy includes:

• houses / furnished apartments: sum insured 855 euro / sq.m. - ordinary,   exclusive - by agreement or by real estate valuation
• personal belongings in the house/appartment (from 300 euro / sq.m. - ordinary)
• liability to third parties - for leaking the neighbors or causing other types of damage
• accidents of residents both in the apartment and throughout the country

Insurance risks:

• fire, gas explosion and its consequences
• natural disasters: strong wind, storm, flood, earthquake, etc.
• utilities accidents: water supply, sewerage, heating
• theft or illegal actions of third parties
• additional risks: forced return from travel, travel expenses, replacement of documents, theft of belongings from entrances / basements / courtyards, damage to fences

a pleasant discount when concluding insurance policy for a period of 3 years with an annual payment of an insurance premium for ALL RISKS, which provide coverage of ANY EVENTS, except: malicious intent and / or gross negligence of the policyholder.

a smoke detector is necessary to comply with fire safety regulations, in addition fire and security alarms reduce the rate of insurance premium.

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AVIONIKA - insurance broker

Travelllers
insurance policy covers accident risks and depends of the type of trip:

• leisure
• professional sport
• extreme sport
• winter / summer sport
• business / study trip
• heavy / light physical work
• or without sports activities, lounging on the beach and sunbathing by the sea

Travel insurance includes:

• inpatient and outpatient treatment at the place of stay
• accident injuries and disability
• repatriation from abroad and transfer of relatives
• trip cancellation, flight delay, luggage damage / delay / loss
• restoration of travel documents, legal costs, translation services
• strikes, bankruptcy, natural disasters
• liability for damage to third parties

Insurance policies are issued, including for visas to countries, visa-free countries, trips to Europe, CIS, Turkey, Egypt; increased premium rate is applied for insurances policies to the United States, Canada, Japan, Australia.

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The commercial risk
insurance policy is intended for objects:

• offices, buildings, shops, warehouses, engineering systems
• goods in stock, stocks in a store for commercial value
• fixed assets, including office equipment, furniture and fixtures
• warehouse equipment, forklift, specialized equipment

Complex real estate insurance program:

in addition to the classic property insurance risks include:
• loss caused to property as a result of:
• damage to property during installation or assembly works, during construction and reconstruction
• failure of machinery and equipment, including adjustment, maintenance, installation, repair
• business interruption:
• fixed current expenses
• profit loss as a result of business interruption
• unexpected expenses
• civil liability
• for the operation of the property, common areas and parking
• director and/or manager of the enterprise during the operation of the property
• manufacturers and sellers of products, performers of works / services.

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AVIONIKA - insurance broker

Cargo insurance
type of property insurance, cargo is insured by cargo owner or authorized person, consignor, consignee, carrier, forwarder, customs warehouse

• coverage is provided in accordance to the Institute of London Underwritters:
• – § Institute Cargo Clauses (A) covers all risks of loss of or damage
• – § Institute Cargo Clauses (B) only coverage of the risks that are agreed upon, including loading / unloading
• – § Institute Cargo Clauses (C) the minimum risk cover ensures complete or partial loss of the cargo, without liability for damage
• cargo sum insured - 100% incoming invoice value (110% CIP/CIF)
• policies isuue based on B/L, SMGS/CIT, CMR or AIR waybill
• combined transport insurance based on internal transport bills, cabotage transport
• credit letters are covered by international regulations in accordance with bank requirements

Insurance premiums are calculated individually, taking into account the type of cargo, type of transportation, transportation route, selected insurance risks.

Carrier / Forwarder Liability Insurance
includes coverage

• based on the 1956 CMR Convention and the 1978 Geneva Protocol with a limitation of liability of 8.33 SDR / kg:
• loss, theft, damage to the client’s cargo
• financial loss to the carrier, including freight and customs duties
• loss of property of third parties, damage to health and the environment
• The policy is drawn up for a year, the insurance premium depends on the number of transport, regions of operation, limits of liability and reputation of the carrier / forwarder.

LIST OF CARGO INSURANCE CLAUSES Wagon / container insurance:
is accepted against the risks of damage / theft / total loss

• any type of railway wagons: open and closed platforms, liquid tanks, isothermal and refrigerated with built-in equipment
• 20 and 40 foot ISO containers, including refrigerated containers with mounted equipment.

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AVIONIKA - insurance broker

Yacht, boat, ship insurance
based on the terms of Institute Yacht Clauses dd 1/1/85 Cl. 328

• total loss of the object (both physical and constructive - when the repair costs exceed the costs of the object)
• theft, robbery
• damage caused during operation and storage
• expenses for repairing damage to the hull, machinery, equipment in the resulting of:
• fire or explosion, natural disaster
• capsizing, landing, collisions with other ships, floating and stationary objects
• emergency cases during loading or unloading operations, for lifting and launching, handling or reinstalling during storage
• illegal actions of third parties, including as a result of theft of the insured object or its parts
• shipowner's liability to third parties:
• for damage caused to floating and stationary objects as a result of bulk and collisions
• for damage caused to the life and health of third parties
• or damage to the environment
• participation in races and regattas.

Liability insurance for stevedores, port / terminal operators, shipagents
includes coverage

• liability for customer goods, including ships, wagons, trucks
• liability for "errors and omissions", including demuragge and incorrect shipment
• liability to third parties, including damage to property and health, unintended and accidental pollution.

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AVIONIKA - insurance broker

Survey service includes the following services:

• cargo inspection at each stage of loading / unloading: control of the quality, quantity, package condition, transportation condition of the goods etc.
• cargo quantity survey and cargo placement control in the vehicle (stacking, securing, safety)
• vehicle technical condition survey for safe transportaion, loading / unloading control, etc. .

Survey report establishes the fact, nature, extent, cause of damage and liability of the parties. Surveyor's report can be ordered by the insurance company (insurer), the cargo owner (policyholder) and the cargo carrier.
In contrast to the insured or insurer, independent inspector has no significant interest in the results of the report and by virtue of this, his conclusion shows the objective circumstances of the accident.

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AVIONIKA - insurance broker

Goods stock survey includes:

• preliminary inspection (accounting)
• visual inspection
• inspection of packaging, labeling and product quality
• inspection of goods, during their storage and warehouse operations

Task of the surveyor if the insured event occurs:

• to establish the fact of damage or deterioration of quality
• identify the reasons leading to damage or deterioration in the quality of the goods/product
• to determine responsibility for actions (omissions) and their consequences
• analyze the circumstances and assess the damage

Investigation of the insured case is possible at any stage of its examination by the insurance company - both at the request of the insurer and the insured.
Based on the results of the inspection, an appropriate expert opinion is issued, which can be ordered by both the insurance company and the insured (owner / manufacturer of the goods).

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AVIONIKA - insurance broker

Real estate is often used as collateral or motgage for lending to both individuals and legal entities. Real estate insurance is required in this case. Upon the occurrence of an insured event, the assessment of damage to real estate is always important, because the payment of the sum insured is taken on the basis of an expert opinion. By order of the insurance company or the insured (property owner), damage is assessed, while the expert report establishes the fact of damage, the nature, size, analysis of the circumstances and causes of the damage, as well as the liability of the parties. According to the results, an appropriate expert opinion is issued.

Valuation of real estate and property applies to objects:

• buildings, constructions
• offices
• apartments, houses, cottages
• unfinished facilities

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AVIONIKA - insurance broker

The surveyors operates in the production of goods, trade and transportation of goods.. In insurance, the term "survey" means the inspection and evaluation of the property in respect of which an insurance contract is to be concluded. Surveyor's report is important to conclude an insurance and reinsurance contract.

Pre-insurance survey includes:

• identification of risk factors
• analysis of potential risks and threats
• risk control through preventive measures
• evaluation of the effectiveness of risk management methods

In cooperation with IMS Surveyors, a marine survey is conducted:

• hull & machinery survey
• draft survey" - determination of the amount of cargo by the draft of the vessel
• sampling of various consignments, including grain, fertilizers, etc.
• container inspection
• talman services

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AVIONIKA - insurance broker