A complete glossary of specialist insurance types in Uzbekistan: learn what cargo insurance, liability insurance, and financial risk insurance are. Practical explanations of key terms will help you understand policy conditions, choose the right coverage, and make an informed decision to protect your business or assets.
8
8 terms
2.1 trln
premium volume
99.3 bln
collected for aviation insurance
143.2 bln
cargo insurance premiums
Insurance for a car loan is protection connected not just with the car itself, but with buying that car on credit. Put very simply, the bank gives money for the vehicle and wants to be sure that both the car and the repayment process rem…
This is insurance that helps repay a loan if the borrower dies or another serious insured event listed in the contract happens.
Movable property means items that can be moved, while immovable property means objects firmly connected to land, such as a house, apartment, building or land plot
Natural Disaster Insurance protects property against major natural events such as earthquakes, floods, mudflows, hail, strong wind or landslides.
Personal Liability Abroad is the obligation to compensate damage if a person accidentally causes harm to another person, their property or health while abroad.
Risk accumulation is a situation where many insured objects may be affected by one event, making the total loss for the insurer very large
This is a situation where property or a vehicle is destroyed or damaged so badly that it can no longer be reasonably restored or used for its intended purpose.
Vehicle theft is a situation where a car or another vehicle is unlawfully taken without the owner’s consent, leaving the owner unable to use it.
Our experts will help you choose the best insurance coverage
Architect Amir made a mistake in the building design. As a result, cracks appeared in the walls. The client demanded compensation for damages.
Amir had a professional liability insurance policy. The insurance company covered the repair costs, protecting Amir from financial losses.
"BANK" issued a loan to a company, insuring the risk of non-repayment. A year later, the borrower went bankrupt and could not repay the debt.
The insurance company paid the bank the remaining loan amount. This allowed the bank to avoid losses and maintain portfolio stability.
The "UBS-LOGISTIK" company was transporting a batch of fruits. The cargo was insured against spoilage. On the way, the refrigerator broke down, and the goods were spoiled.
The insurance company recognized the case as an insured event and paid the full value of the cargo. This allowed the company to avoid major losses.
Now you know about special types of insurance. Protect your cargo or investments in green energy with our unique products.
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