THE OBJECT OF THE INSURANCE

On the basis of the insurance policy, of the current general conditions and of the special clauses attached to the policy, EUROINS insures: locomotives, locotractors, engines, passenger or freight wagons, tank wagons, metro trains and complementary equipment thereof, such as:  sound systems, hatches, panels and commercial banners, trunks, sofas, chairs, curtains, etc.

INSURED RISKS

DAMAGE RISK
EUROINS pays compensation to the Insured for damages or destruction of the rolling stock or of parts of it, including accessories and complementary equipment, according to the list of/attached to the policy, as a result of events which occur independently of the will of the Insured and as a result of the occurrence of the risk of: collision, rolling over, scratching, fall, fire, lightning, explosion, destruction provoked by falling rocks or stone, damages caused to wagons during loading or unloading operations.

THE RISK OF THEFT & VANDALISM
The act or the theft attempt by breaking an entry or by acts of violence, of the rolling stock or of parts and accessories thereof and the damages caused to the premises, to the property of the Insured, where the rolling stock is located, as a consequence of the theft by breaking an entry or of the attempt of theft by breaking an entry, of the rolling stock or of parts thereof and of accessories.

TERRITORY

This insurance is valid on the territory of Romania, if not otherwise specified in the insurance contract.

LIABILITY PERIOD

Generally, the insurance period is of 12 months, but not less than 6 months.

INSURED AMOUNTS

Rolling stock is insured at its real value at the time of the conclusion of the insurance, i.e.: the value of the new item, less of the normal wear according to its age (the number of years since the commissioning date up to the date of the conclusion of the insurance), according to the wear scale or the value resulting following the assessment performed according to the International Valuation Standards (IVS), prepared by the International Valuation Standard Council (IVSC), - eighth edition 2007, and also respecting the regulations and the practical recommendations issued by the National Association of Romanian Valuers - ANEVAR.
If the price registered in the purchase invoice of the rolling stock is expressed in lei, the insurance shall be concluded in:
a. lei
b. in euro, and the value of the purchase invoice shall be turned into euro by applying the reference exchange rate published by BNR, valid at the date mentioned in the invoice.

INSURANCE PREMIUM

Insurance premiums shall be paid in advance and in full or in a maximum of four instalments.