Property and Combined Liability Insurance

Summary

Hungarian water utility companies are procuring property and combined liability insurance in four lots, with insured asset values of HUF 501.9 billion, HUF 210.8 billion, HUF 395.2 billion and HUF 660.5 billion respectively. The cover includes all-risks property insurance, machinery and equipment risks, combined liability and domestic cargo insurance. The planned insurance period is 2027, with an option to extend it once for a further 12 months; separate policies are planned for the participating companies, with premiums paid quarterly.