Under the insurance agreement there can be insured:
The Insured’s property interests related to the liability to compensate for damage caused to third parties resulted from the Insured’s unintended professional error during implementation of professional activities of realtor within insurance period and territory of the Republic of Uzbekistan.
The damage is compensated in the following order:
- in the amount of damage defined during claims settlement but not higher than the insurance amount.
- the amount of money as compensation for damage caused to the Beneficiary due to professional negligence, mistakes or omissions, himself and his staff acting in the course of their duties;
- the amount of the Insured's expenses for settling claims incurred by the written consent of the Company.
Insurance indemnity is paid by the Insurer on the basis of:
- the Insured’s application;
-the written application of offended third party for compensation of the damage caused.
The Company shall pay insurance indemnity within 15 (fifteen) days from the date of signing the Act on Insurance Event by transferring to the Insured’s or Beneficiary’s bank account.