Compulsory fire insurance apartment

1. fire insurance business required business apartments are the Ministry of finance license the establishment and operations of insurance casualty.
2. the party buying fire insurance required apartment is bodies, organizations and individuals to own or manage or use the basis of the danger of fire, explosion and was named in the insurance certificate.

3. Fire is a chemical reaction are heat and light by the blast or any other cause.
4. Blast is the chemical reactions that cause the release of gas and energy suddenly with large volume of simultaneous sounds and physical effects to the surrounding objects but excluding:

a) covered property is destroyed or damaged by water tanks, boiler gas, tanks, machinery or equipment that the pressure inside the created entirely by the steam generated explosion (rather than due to ignite from the explosive source) if the pot and the machines and equipment that are owned or controlled by the party to buy fire insurance required apartments.

b) container, machinery or equipment or materials inside the instruments that were damaged or destroyed by the explosive material that (this exclusion does not apply in the case of fire insurance, gasoline explosion).

5. The basis of the danger of fire or explosion is the basis set forth in annex 1 of Decree 35/2003/ND-CP. 
6. The level of deduction is the amount that the buyer fire insurance required to bear in the event of compulsory fire insurance apartment.

1. the insured amount is the value the money according to the market value of the property must join the fire insurance, compulsory at the time involved the compulsory fire insurance apartment.

2. where does not determine the market value of the property, the amount of fire insurance required by the parties to the agreement. Specifically the following:

a. the case of the object property is insured, the insurance amount is calculated according to the value of the remaining value or replacement value of the new property at the time of the insured by the insurer and the insured party to the agreement.

b. the case of the object insured goods (raw materials, semi-finished products, finished products), the amount of insurance is the value calculated into money according to the declarations of the parties to buy fire insurance required apartments. 

Loss assessment
1. When the insured event occurs, the insurer or organization is authorized by the insurer will proceed with the assessment of losses to determine the cause and extent of the losses. The cost assessment of losses caused by the insurer.

2. In case the insured party and the insurer is not uniform on the cause and the extent of the losses may referendum for independent assessment. In case the parties do not settle on appraiser independence, then one of the Parties requested the Court where loss or where the buyer specified residence insurance appraiser independence. The conclusions of the independent appraiser value the mandatory for the parties.
Compensation forms
1. The buyer compulsory fire insurance and the insurer may agree a compensation in the form of the following:
a) repair of the damaged property;
b) replace the damaged property with other properties;
c) pay compensation.
2. In the case of the insurer and the insured party no agreement was in form of compensation, the compensation will be done with the money.
3. In the case compensated according to the provisions of point b and point c of paragraph 1 of this article, the insurer has the right to recover the property that was damaged after it was replaced or the whole compensation according to the market value of the property.

Fire sword Lake condo Palaza, hundreds of people fled the middle of the night

At the time of the fire service, the alarm bells of Lake Plaza doesn’t work, everyone fled out by calling each other.

Apartment fire, hundreds of people fled occurs on 14/12, in the 0h45 range residential Outdoor Sword Palaza-HA Dong (number 110 Tran Phu Street, HA Dong, Hanoi).
Over time, more people lived in the condo Lake Palaza-HA Dong Center suddenly smell the lẹt infamous rises from inside the apartment, floor 1805A 18A, then the big flame rises.

The discovery of the fire service, the people associated the term permutation evacuated each coral block, creating chaotic scenes. Some other people also hold the attitude of calm associated call to the function.

Reports, FIRE FIGHTING and public security police force Hanoi was quick to present at the scene to coordinate with the functional unit conducts fire and put the people inside the condominium to quickly move to the outside. To about half, the fire has basically been control.

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