Over 5,000 real properties insured in September

Over 5,000 real properties insured in September
# 01 October 2015 13:04 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. In September 2015, over 5,421 insurance contracts were signed on real estate compulsory insurance, down 42% from previous year.

 

According to Compulsory Insurance Bureau (CIB), amount of insurance premiums from real estate compulsory insurance made AZN 796,000, down 19% in annual comparison.  

 

60% of contracts on real estate compulsory insurance related to residential houses and apartments, 0.5% to administrative buildings, 39.4% to other real estates.

 

232 contracts were signed on compulsory insurance civil liability on exploitation of real estate and 86 contracts on compulsory personal accident insurance of passengers. Premiums on these insurance types relevantly made AZN 19,410 and AZN 20,277.

 

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