Note

Note 1:  Compulsory insurance of immovable property is applied for the purpose of compensating for damage caused by damage, destruction, or loss of immovable property as a result of fire or other events. For the stated purposes, the insurance of buildings belonging to legal and natural persons, residential and non-residential areas, residential houses and buildings, and apartments, as well as the list of state property determined by the relevant executive authority is mandatory.

 Note 2:

 The following are not covered by compulsory insurance:

• immovable property decided to be dismantled by the state and local selfgovernment bodies;
• unfinished real estate;
• real estate in distress;
• According to Article 180 of the Civil Code of the Republic of Azerbaijan, immovable property is considered selfconstruction.

Note 3: Compulsory insurance of residential buildings, residential houses and apartments covers their structural elements, rooms, including door and window structures, including glass, water, sewerage and gas supply, as well as heating system pipes, communication, electric and other wires, decorative elements, o including all types of external or internal trowel and plaster works, wall, ceiling and floor damages.

 Note 4: Damage, destruction, or any other form of loss of immovable property as a result of the following circumstances is considered an insured event:

• fire, lightning strike;
• an explosion of gas used in household and production;
• short circuit in electrical wiring;
• an explosion of steam boilers, gas storage, gas pipelines, machines, apparatus and other similar installations or devices;
• failure of water, heating, sewage pipelines and fire extinguishing systems, as well as flooding as a result of water entering from neighboring buildings, residential and nonresidential areas, residential houses and buildings, apartments, and rooms;
• impact of any subject or its parts falling, throwing, hitting, spilling, spilling and other such forms;
• being hit by a ground vehicle;
• natural disasters earthquake, volcano, storm, hurricane, typhoon, hail, flood, flood, downpour, landslide;
• actions of third parties.

 Note 5: Insurance coverage for risks in addition to those stipulated in the legislation can be determined on the basis of a voluntary insurance contract concluded between the parties.

 Note 6: Damage, destruction, or loss of property in the following cases is not considered an insured event:

• deliberate actions of the insured person aimed at the occurrence of the event;
• property damage as a result of actions applied to the insured property for repair, processing, or other production purposes;
• theft, alteration, etc. of any part of the property during or after the event.
• damage to property as a result of changes in the level of groundwater;
• damage to property when water flows through pipes or reservoirs due to frost, erosion, corrosion, gradual deterioration, repair, relocation or capacity increase of pipes and reservoirs.