CASCADAS team has a parnership contract with DZI(Nation  Insurance Company) which is the major insurance company in Bulgaria

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 We are pleased to be able to offer you the following conditions for “FIRE AND OTHER PERILS” property insurance; “BURGLARY AND ARMED ROBBERY” property insurance and LESSOR`S LIABILITY INSURANCE.

CASCADAS team advice you to take property insurance as it is the owner obligation to insure their own property.In CASCADAS(Bulgaria) there is not freehold insurance, so everybody has to arrange own property's insurance.

We recommend you to insure your property.

I. “FIRE AND OTHER PERILS” property insurance, “BURGLARY AND ARMED ROBBERY” property insurance

1. INSURANCE COVER

CLAUSE “A” FIRE - BASIC COVER

Under this clause, the Insurer indemnifies the Insured against loss, destruction, or damage on property insured resulting from fire, thunderbolt, explosion, collision or falling of manned aircraft, its parts or cargo.

CLAUSE “A1”  - MALICIOUS ACTS OF THIRD PARTIES, VANDALISM

CLAUSE “B” CALAMITIES

Under this clause, the Insurer shall indemnify the Insured against loss or destruction of or damage to the property insured as a result of: storm, hail, torrential rain, flood, damage by the weight of the natural  accumulation of snow and/or ice, freezing.

CLAUSE “D1” EARTHQUAKE

Under this clause, the Insurer shall indemnify the Insured against total or partial loss of insured property caused by earthquake.

CLAUSE “D2” LEAKAGE OF WATER AND STEAM

Under this clause, the Insurer shall indemnify the Insured against total or partial loss of insured property caused by leakage of water and steam from pipelines of buildings and the devices connected thereto.

For natural persons the cover shall be expanded with the peril of damage due to soaking with water, leaked from the plumbing, as a result of taps, which have been forgotten open.

CLAUSE “D9” BREAKAGE OF GLASS

Under this clause, the Insurer shall indemnify the Insured against total or partial damages to insured property caused by breakage of the glass of windows, doors, shop windows, stands, advertising signs and plates and other fixed glass.

BURGLARY AND ARMED ROBBERY

2. SUM INSURED AND INSURANCE PREMIUM

The insurance premium is based on insurance rate in % out of the sum insured/ limits of liability and depends on the risk circumstances, type of the property insured, covered perils and the insurance period.

An example is in the table below:

 Example form for an apartment valued at 80 000 euro.

II LESSOR`S LIABILITY INSURANCE.

1. INSURANCE COVER

The public liability of the Insured, being the owner of the insured home, for directly caused personal damages and damages to property, arising out of death or bodily injury of his lessee on condition that the claim for damages has been raised during the insurance period.

2. INSURER`S LIABILITY AND INSURANCE PREMIUM

The liability limits and iinsurance premium shall be agreed between the parties according to the next scale.

Liability insurance should be taken if you rent your apartment.

 PERIOD OF INSURANCE IS 1(one) YEAR.