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Advantages

Premiums

Simplicity in the payment of premiums and speed in settling the compensation.

Claims

Convenience when reporting Claims;

Flexibility

Wide and Flexible Cover, with the option to add Complementary Cover.

Capitals to be Insured

The capital must correspond to the market cost of the respective reconstruction.

The capital must correspond to the replacement cost of the assets, covered by this agreement, by their value when new.

The capital shall correspond to the current purchase price of the policyholder or, in the case of products manufactured by the policyholder, the value of the materials processed and / or incorporated, plus the cost of manufacture.

The capital must correspond to the new cost of the equipment, minus the depreciation inherent to its use and condition.

To subscribe for this insurance, visit any Millennium bim branch

  • Fire, lightning and explosion;
  • Demolition and rubble removal, among others;

Basic Cover has immediate acceptance of insurance with the following capitals of under 100,000 USD, building and contents.

  • Storms;
  • Flooding, landslides, among others.

Basic and complementary Cover are optional and may be subject to prior review.

Basic and complementary Cover are optional and may be subject to prior review.

Cover
Cover
Compensation Limit
Excess
Basic Breaking or falling of TSF outdoor TV antennas (including satellite dishes)
Basic Breaking or falling of TSF outdoor TV antennas (including satellite dishes)
1% of Total Capital, up to USD 200.00
10% V of the claim amount with a minimum of USD 100.00
Complementary (Flooding)
Complementary (Flooding)
Total Capital
High Risk Areas - 10% of the claim amount with a minimum of USD 1,000.00

Definitions of Terms (Questions)

Premium paid to the policyholder or to another in the event of the policyholder’s life or death. Includes rents, capitalization operations and retirement fund management operations.

Amount up to which compensation is paid following a claim covered by the contract.

Natural or legal person to whom the Insurer provides the benefit arising from an Insurance agreement or a capitalization operation.

Amount payable by the Insurer, in case of a claim covered by the policy, to repair the damage caused. In Life Insurance there is no strict compensation, but the delivery to the Beneficiary of the contracted amount.

This is defined as the sudden, fortuitous, unforeseen and abnormal event, due to the action of an external cause and against to the will of the Policyholder, Insured or Beneficiary.

Document that holds the Insurance agreement between the Policyholder and the Insurer, which contains the respective general, and special if any conditions, and particulars agreed.

Price due by the Policyholder to the Insurer in return for the obligation assumed by the Insurer to pay compensation or to provide certain capital in the event of a claim related to the risk covered.

An event or series of events provided for in the Insurance agreement, the verification of which allows the guarantees in the policy to be triggered as set forth therein.

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