Property insurance against fire and other risks provides full or partial compensation for damages caused by fire, destruction, or loss of any kind to property, together with other objects located on its territory and (or) in it, or separately, as a result of fire or other events. Fire insurance covers the risks of damage to buildings and their contents as a result of fire, lightning, explosion of gas or steam boilers used for domestic purposes such as heating and cooking. Such risks include events that may occur both in homes and in buildings and structures used for commercial and industrial purposes. The coverage provided under the standard insurance contract covering the risks related to fire listed above can be expanded with coverage for other risks for an additional insurance premium. For example, if you want to be covered for damage to your property due to an explosion (not caused by a steam boiler or similar causes), riots, arbitrary actions of people, earthquakes, impact of vehicles and other foreign objects, storms, floods, burst pipes, water leaks, theft and other similar causes, you will have to pay a higher insurance premium than you would pay for a standard insurance certificate. In the case of property insurance against theft risk, insurance payment is made if the property is stolen despite compliance with all security measures. That is, a person who forgets to close the door to the house will not be able to receive payment in the event of a theft. This means that for theft to be considered an insured event, entry or exit to the insured objects must be made by force, and the thief must overcome security measures to enter the premises. In fire and theft coverage, loss or damage must be the result of a specific risk - fire or theft. However, there may be other situations in which property may be damaged. The insured property may suddenly fall, be hit or simply lost. For such cases, all-risk property insurance coverage is also offered. In this coverage, the property is insured against any loss or damage (including fire and theft)
