Insurance policies covering war risks have gone on sale in Russia
In Russia, major insurance companies have begun offering policies to private clients that cover risks associated with “military operations.”
This refers to the ability to insure property and other risks, including damage from falling drone debris, blast waves, or the operation of air defense systems.
In particular, Ingosstrakh also includes civil conflicts, mass riots, and strikes in its list of “military risks.”
According to market data, adding such a clause to an insurance policy may increase its cost: by approximately 10% at AlfaStrakhovanie and by 12% at Ingosstrakh. Similar options are also offered by RESO-Garantia, Rosgosstrakh, and other companies, though without detailed disclosure of the terms.
At the same time, lawyers note that disputes regarding payouts may arise in such contracts, as the concept of “military actions” lacks a clear legal definition.
“Disputes may arise due to exclusions, indirect losses, and difficulties in establishing the cause of the damage,” explained Alexander Pavlovsky, a partner at the law firm a.t.Legal.
This is reported by Russian media.
Amid intensifying drone attacks, Russian authorities plan to change the rules for insurance payouts to businesses that suffer losses due to UAV strikes.
