Information on the terms of entering into a non-life insurance contract - underwriting

Insurer information

Generali Slovensko poisťovňa, a. s., registered office at: Plynárenská 7/C, 824 79 Bratislava, Slovak Republic, ID: 35 709 332, VAT ID: SK2021000487, entered in the Companies Register of the District Court Bratislava I, section: Sa, insert No.: 1325/B. The company is a member of the Generali group, listed in the Insurance Company Group List administered by ISVAP (hereinafter "insurer").

Characteristic of the insurance contract for non-life insurance contract - underwriting

The rights and obligations under the insurance contract are governed by:

• the pertinent provisions of the Civil Code, Section 8, - subdivision 15, as amended,
• the pertinent general insurance conditions that form an inseparable part of the insurance contract,
• the pertinent general insurance conditions that form an inseparable part of the insurance contract,
• supplements referenced by the insurance contract, annexes of the insurance contract and other provisions of the insurance contract.

Hazards covered

Listed in the relevant articles of the insurance terms under alternative names:

• Extent of coverage, hazards covered.

These include primarily the following hazards:

• fire, explosion, lightning, impact of flying or falling aeroplane, its parts or cargo,
• flood, flash flood, gale, hail,
• landslide, falling rocks or soil, avalanches, falling trees, poles or other objects,
• earthquake, weight of snow or frost, smoke, vehicle impact, sonic boom, leaking water,
• interruption of operations due to material damage,
• burglary, robbery,
• liability,
• for ships and boats - shipwreck, sinking, tipping over, collision with another floating vehicle or other stationary or moving object,
• for construction and assembly insurance - fall of the insured object, collision, inept manipulation, wrong operation, sabotage, ineptitude, oversight, omission, loss directly related to an insured event, floating ice,
• for mechanical devices and machinery insurance - construction error, faulty material, production defect of the insured object, steam, gas or liquid overpressure or underpressure, lack of water in boilers, lack of balance or tear caused by centrifugal force, fall or penetration of foreign object, short circuit or other effects of electric current, failure of metering, regulatory or security devices, frost,
• for electronic devices insurance - construction error, material fault, production defect of the insured object, short circuit or other effects of electric current,,
• for agricultural crops insurance - hail, gale, fire, flood, flash flood, landslide, spring frost, ground frost
• for livestock insurance - contagion, infectious diseases, body overheating for poultry and rabbits, injury, congenital damage.

Other services and guarantees

Listed in the relevant articles of the insurance terms under alternative names:

• Special indemnity cases, Compensation of costs for alleviation of effects of the insured event, Insurer indemnity, Indemnity, Special cases of indemnity, Cost compensation, Rescue costs, Aeroplane damage, Insurance of costs for disposal of a crashed aeroplane      

Indemnity and limits

Listed in the relevant articles of the insurance terms under alternative names:

• Insurer indemnity, Indemnity limits and manner of provision, Extent of damage and indemnity, Indemnity, Determination of indemnity, Indemnity limits.

Insurer indemnity limits and insurance of the primary hazard are listed in the insurer's preliminary price offer.

Exemptions from insurance

Listed in the relevant articles of the insurance terms under alternative names:

• Extent of coverage, Material damages, hazards covered, Subsequent damage caused by interruption of operation, Lost income and permanent costs, Subject of insurance, Aeroplane damages, Liability damages, Insurance of material damages, Insurance of liability required by law, Indemnity, Subject of insurance and exemptions, Exemptions from insurance, Hazards covered by insurance.

Excess

Insurance is negotiated with excess payment which is understood as a sum agreed on by the insured person/policyholder and the insurer in the insurance contract, that is subtracted from indemnity paid out by the insurer for each insured event.

Insurance termination

Should the insurance contract be terminated, the entitlement to any insurance coverage is null and void. Provided the insurance is terminated due to failure to pay premium, the insurer is entitled to premium payments for the period until the insurance termination, that is, a debt arises which the policyholder is obliged to settle. Should there be an insured event which eliminates the reason for further insurance, the insurer is entitled to premium payments for the rest of the term of insurance during which the insured event took place.

Supplementary services and related charges

Should there be a dispute regarding the extent of indemnity, the insured person and the insurer may come to an agreement to have the indemnity determined by the so-called expert proceedings. Each party covers the expenses of their own expert, the costs of the expert with the decisive voice are covered by the parties in equal part.                                                                                     

The insurer has the right to claim from the policyholder compensation of costs related to delivery of documents related to payment of overdue premium.

Provisions that do not require policyholder's consent

Should the insured event take place at time when the policyholder owes overdue premium to the insurer, the insurer has the right to subtract such overdue premium from the indemnity paid out to the policyholder.

Information availability

Further information is available at www.generali.sk, or at the Contact Centre's telephone number 0850 111 117 (calls from Slovakia), +421258276666 (international calls), at the e-mail address gsl@gsl.sk or in person at our branches.<br15/>

The system of insurer protection from financial institution failure is secured with the tracking mechanism created in accordance with the Insurance Act No. 8/2008 Corpus Juris , as amended. When performing insurance related activities, the insurer is bound to comply with the Insurance Act No. 8/2008 and is subject to supervision by the National Bank of Slovakia.

All information listed in this form is provided for information purposes only, when it comes to rights and obligations of the insurer and the policyholder, these are governed solely by the provisions of the insurance contract, general and special insurance terms and amendments listed in the insurance contract, with which the policyholder was acquainted before entering into the insurance contract. As for the information listed in this forms, only the parts that are also listed in the insurance contract and contract documentation of the given insurance products are relevant for the policyholder.