Startled by the number of apartment purchase fire insurance

After the explosion with the terrible consequences of the Carina apartment, many people living in the apartment began to pay more attention to fire insurance. Many people started to pay attention to the apartment that they are living has been the owner of fire insurance or not.

Startled by the number of apartment purchase fire insurance
Startled by the number of apartment purchase fire insurance
Last March, a fire broke out at Carina Plaza (Vo Van Kiet Street, Ward 16, District 8, Ho Chi Minh City) causing great damage to people and property. Specifically, according to a report by the HCMC Fire Fighting Police, the fire has left at least 13 people dead and dozens injured, in addition to burning 13 cars and 150 motorcycles.

See also: Customers looking to buy fire insurance increased

Startled by the number of apartment purchase fire insurance

In spite of great damage to people and property, the people living in the Carina apartment still have specific compensation plan from the investor as well as the insurance unit.

Talking to the press, Vu Van Thang – Deputy General Director of PVI Insurance Corporation – the unit confirmed as fire insurance provider for Carina Plaza – said that the investor Carina apartment is the company Hung Thanh has bought fire insurance with the insurance amount of VND 357 billion and liability insurance for third parties with the responsibility of VND 500 million.

However, according to Thang, the insurance amount of VND357 billion is the insured value for all three apartment blocks A, B, C, which is the maximum amount under the contract. The amount of actual compensation will be based on the cause of the loss and the extent of the damage.

As for Public Liability Insurance, a kind of third-party insurance (here may be the people and property of the residents), it is regrettable that the level of insurance that Hung Thanh bought to pay for This responsibility is very low.

“The maximum compensation level is only 500 million VND, with the maximum compensation of 20 million VND for each victim and the total amount of damages for people not exceeding 200 million VND,” Thang said.

After the explosion with the terrible consequences of the Carina apartment, many people living in the apartment began to pay more attention to fire insurance. Many people started to pay attention to the apartment that they are living has been the owner of fire insurance or not.

In fact, there are many apartment buildings, although people have been living for a long time but have not bought fire insurance. According to information from fire police in Hanoi, as of April 4, 179 out of 718 high-rise apartment buildings in the city purchased fire and explosion insurance. Of the 179 condominiums that have bought fire insurance, over 50% are commercial buildings and high-end condominiums.

Nguyen Quang Huyen, deputy director of the Insurance Management and Supervision Department of the Ministry of Finance, leads the statistics of the Police Department for Fire Prevention and Fighting and Rescue and Rescue (Ministry of Public Security). Nationwide, there are 43,693 fire-explosion prone units participating in compulsory fire insurance (accounting for 56% of the total number of establishments subject to fire and explosion insurance).

Will be required from 15/4/2018

According to the Decree No 23/2018 / ND-CP of the Government, from April 15, 1818, the works are fire and explosion hazards such as condominiums and hotels; kindergartens, preschools; Petrol station with one or more pump columns; Hospitals, nursing homes, medical centers, other medical examination and treatment establishments … must buy compulsory fire and explosion insurance at enterprises providing insurance services for fire and explosion insurance.

Compulsory fire and explosion insurance mean all the property of an establishment in danger of fire and/or explosion, including houses, works, and assets attached to houses and works; devices; Goods, materials (including raw materials, semi-finished products, finished products …).

According to the understanding, the compulsory fire insurance fee for apartment buildings is regulated in Circular 220/2010 / TT-BTC by the Ministry of Finance at the rate of 0.14% (excluding VAT). Insurance must be compulsory. The compulsory premium rate in this new Decree is 0.05% per annum for condominiums with automatic fire-fighting systems and 0.1% per annum for non-treatment condominiums. fire automatically.

Nguyen Quang Huyen, deputy director of the Insurance Management and Supervision Department under the Ministry of Finance, said that joining compulsory fire insurance would help to overcome the problem. To quickly restore conditions for investment, production, and business for enterprises and people.

Huyen also said that in recent years, many fire and explosion cases of insurance organizations have been quickly and promptly repaid by insurance companies, such as the fire in Meiko Eletrics Vietnam In Hanoi, compensation was about VND 520 billion; Losses occurred on May 13-14, 2014 due to some people causing trouble in Binh Duong, Dong Nai, Ha Tinh caused compensation of 1080.5 billion; The fire in Thaco Truong Hai Company in Quang Nam in 2016 has compensated about 340 billion; The fire in Kwong Lung Meko Company in 2017 in Can Tho is estimated at about VND 396 billion …).

“Through insurance compensation has helped organizations and individuals suffered damage caused by fire and explosion to overcome the damage and restoration of production and business. This will contribute to ensuring a safe and secure investment environment for investors, especially foreign investors, “said the representative of the Ministry of Finance.

From (webbaohiem)

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