KAZAKHSTAN: one of the leading local insurers EURASIA will participate in new project in Dubai

Kazakh insurance company EURASIA will participate in insuring a residential tower construction in Dubai. CEO of the insurer Samat KABDOLOV believes this cooperation to be perspective and interesting, total insurance amount is KZT 130 billion*, informed the press-service of EURASIA.

87-floors Elite Residence has 700 apartments and is located in the prestigious area under development - Dubai Marina. In the end of construction the area will have more than 200 residential towers.

Besides standard insurance conditions, covering material damage to buildings due to bad weather, fire, lightning strike, fall of construction materials, the insurer is obliged to compensate temporary rental accommodation costs to residents in insurance cases, as well as losses as a result of the lack of services for water supply, electricity supply and other services, necessary for normal activity of residential towers, wrote the portal allinsurance.kz.

*EUR 1 = KZT 404.25 (as of 08.08.2018 for approximate calculation)

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