Finance
InsuranceInsurance companies do not cover accidents in the ATO zone
The damages caused by military actions shall not be covered by insurance as this is viewed as force-majeure with practically 100% risk, informed President of the League of Insurance Organizations of Ukraine Oleksandr Zaletov, as was reported by Vzglyad.
“If an insured event happened in the ATO zone, these risks are not covered by the agreement. It is a force-majeure. Indemnities on cases that happened in the combat action zone are not paid,” told the expert.
“In the world practice, mass unrest, military actions, revolutions and other are all attributed to force-majeure and the insurers do not cover the losses on them,” reminded Zaletov.
“Otherwise the insurance companies risk of going bankrupt, because everybody without exception are indemnitees on such territories.”
Design, style, and all the contents of website www.capital.uaare protected by copyright and law. Any use of site materials is allowed only while meeting the requirements of reprinting terms and with the reference to www.capital.ua.Only materials in public domain can be used and adding of link and/or direct hyperlink open for search engines to immediate material address on www.capital.ua. The link/hyperlink should be placed in the sub-title or in the first paragraph of the material. Font size of the link or hyperlink should not be less than the font size of the main text in the material. Any use of materials that are in closed access and are only available to registered users is allowed only with the prior written permission of the copyright owner. Reprinting, copying, reproducing, modifying or any other use of materials published with the note 
of the agreement of syndication with Financial Times Limited are strictly prohibited. Use of materials which refers to France-Presse, Reuters, Interfax-Ukraine, Ukrainian News, UNIAN agencies is strictly prohibited. Materials marked 
are published as advertisements.
All rights reserved. © 2012 — 2016