Euroasia insurance

Earthquake


An earthquake is strong shaking of the ground caused by movement in the earth’s crust, which can damage houses, apartments, buildings, roads and property.

Global context

Earthquake risk is considered in property insurance where it is material for a particular area. Coverage and limits depend on the contract.
Global context

Context in Uzbekistan

When protecting a home or business, check specifically whether earthquake risk is listed and which property is insured.
Context in Uzbekistan

Detailed Explanation

An earthquake is ground movement that can damage buildings, utilities, and property. In insurance, it may be covered separately or as part of natural disaster insurance.

Is it covered?

Property insurance does not automatically cover earthquake damage. Check the insured risks, exclusions, insured sum, and property listed in the contract. A home policy may describe the structure, finishes, and contents separately.

What to do after damage

Safety comes first. Follow emergency-service instructions, document the damage, notify the insurer within the policy deadline, and keep relevant documents. Do not start repairs before an inspection if the policy requires one.

Claim payment

An insurance payout depends on the policy terms, circumstances, documents, and loss assessment. The insured sum is the insurer's limit. Earthquake cover can be part of comprehensive property insurance, but the actual protection is defined by the policy.

Practical examples

Cracks in a house

Situation:

After an earthquake, Bakhtiyor found cracks in the walls of his home. His policy listed the structure and earthquake risk.

Solution:

He documented the damage and notified the insurer on time. Any payment depends on the policy and assessment.

The risk was not included

Situation:

Madina assumed her property policy covered every natural event. Tremors damaged the finishes in her apartment.

Solution:

The first step is to check the insured risks. If earthquake is not included, the policy may not provide compensation.

Repairs before inspection

Situation:

After office damage, the owner wanted to begin repairs immediately.

Solution:

He notified the insurer and waited for inspection instructions. This preserved evidence for the claim review.

Most Popular Terms

Traffic accident

This is a road incident in which harm was caused to people, vehicles, roads, structures, or other property.

European accident report

This is a simplified procedure for recording a traffic accident without calling traffic police, when the drivers themselves document the circumstances for insurance settlement.

Comprehensive Car Insurance (KASKO)

KASKO is insurance that protects not someone else’s car, but your own. Put very simply, it is like a financial safety cushion for your vehicle: if there is an accident, a broken window, parking damage, a fallen tree, or even theft, the insurance company can take on part of the big expenses. The main idea is simple: KASKO helps you avoid facing major car-related costs alone.

Motor Third-Party Liability

Motor third-party liability is your responsibility to other people if, because of your actions on the road, their car, property, health, or life is harmed. Put simply, it is a rule for situations where a driving mistake leads to someone else’s loss. The main idea is simple: this responsibility exists so that the injured party is not left without compensation, and the driver at fault does not have to handle everything alone out of pocket.

Auto loan (car purchase loan insurance)

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 remain protected. That is why insurance often comes together with a car loan: it helps reduce risks both for the bank and for the borrower if something serious happens to the car.

EURO KASKO

This is a modular car insurance product in which the vehicle owner chooses which parts of the car and which risks to insure.

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