OREANDA-NEWS. April 16, 2009. The insurance company ROSNO has insured a 150-year oak located in the public area of a cottage community located in the Moscow Region. The contractual insurance amount exceeds 200,000 roubles, reported the press-centre of ROSNO.

The insurance protection may be required not only for cottage houses, but also for adjacent land plots with trees, installations and landscape structures located thereon.

In this particular case, ROSNO had been contacted by the representative of a cottage community asking to provide insurance coverage for the pride of its residents — a 150-year oak located in the public area. Having completed visual examination and measurements, the insurance company ROSNO concluded a property insurance contract for over 200,000 roubles. The community management company acts as an insurant under the contract. The policy contemplates protection of the tree against fire, lightning stroke, unlawful third-party actions, natural disasters, and aircraft impact.

"Undoubtedly, the insurance coverage of trees, landscape structures and land plots is far less popular than building insurance, and it accounts for no more than 3% or 4% of the gross premium written. This value proposal is intended for demanding and discerning clients. However, we are interested in satisfying the insurance needs of each client, and, therefore, we pay a great deal of attention to the needs like this one", notes Mr. Artem Iskra, head of the Personal Property Insurance Department of ROSNO.