OREANDA-NEWS. March 14, 2011. Allianz Ukraine Insurance Company indemnified losses to the corporate insured person under a voluntary property insurance agreement with regard to the damage of the department store building.

Losses were done as a result of a fire caused by a short circuit. The insurance agreement provided for insurance coverage for building parts and engineering services of the department store. The property was insured against fire-related risks (fire, stroke of a lightning, explosion, fall down of an aircraft) and natural disasters (windstorm, hail, flood, earthquake etc.). Insurance was provided by three insurance companies (Allianz Ukraine Ins.Co. deductible was 35%). Allianz Ukraine paid out the insurance indemnity in the amount of UAH 804,682.