OREANDA-NEWS. On 08 July 2008 was announced, that the branch of IJSC Ingosstrakh in Novosibirsk has been announced winning bidder for a property insurance contract with OJSC Central Department Store.

The Central Department Store is located at: Karl Marx Square, 1, Novosibirsk. The insurance covers the building of the mall, goods in stock and damages caused by business interruptions. The insured amount is RUR 698.727 mln.

The insurance policy covers the assets of the Department Store and damages as may be incurred in the event of business interruption as the result of standard ‘fire risks’, i.e. fire, thunderbolt, explosion of gas and process equipment, damage by water, natural disasters, explosion, ill-intended actions of a third party, theft, fall of piloted aircrafts and their pieces, and breaking of glass.