Liability of the House Owner/Tenant

When individual possible maximum losses can be calculated and predicted, losses caused to third parties are difficult to predict.

There were many cases in the insurers’ experience when one would think that an insignificant water leak would not cause significant damage/loss to the customer's property but at the same time due to this leak insurers have to pay significant compensations to the neighbours below in order to cover the necessary premises repair expenses, renovate/restore damaged antique furniture and compensate for damaged modern equipment.

Also a small fire may not cause serious damage to the customer, but it may cause health problems or even death to neighbours above. Often there are events when pieces of ice (icicles), building facade elements and other subjects fall down the building roofs, walls or windows, which may cause damage to third parties. Losses may also be incurred as a result of building management or utilization.

In such cases your liability may be expressed in incredible figures.