Heavy and special purpose machinery insurance
Heavy and special machinery insurance provide loss resulting from the accidental unforeseen physical damage and equipment replacement, repairing.
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Mandal insurance JSC
Practical insurance LLC
Insurance item
- Heavy and special machinery used in construction, road construction, mining, agriculture and other sectors.
Insurance coverage
- Natural disasters
- Fire and explosion
- Accident in work field
- Outstanding – 0.3% – 0.85%
The insurer shall pay the insurance indemnity to the insured based on the following documents. These include:
- Insurance policy
- Insured’s claim application
- An official letter for claim /for legal entities only/
- Statement for the loss by related authorities depending on the accident situation / National Emergency Management Agency, General Agency for Specialized Investigation, Housing and Public Utilities Authority of the Ulaanbaatar City, National Apartment Association, Police, National Agency for Meteorology and Environment Monitoring of Mongolia etc/
- Photos, video footages and other evidences
- Loss estimation report by authorized loss adjusting company which is accredited by Financial Regulatory Commission
- Other related documents if it is necessary /loan contract, mortgage note etc/
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