Insurance Services - Bud Property Insurance. All Risk Property, Machine Breakdown And Downtime Insurance, In Connection With Which The Contract Enters Into Force On July 1, 2026 (Or If The Contract Is Mutually Signed After That, On The Date Of Mutual Signature) And Lasts For 12 Months From The Date Of Entry Into Force. Quantity-Related Parameter: At The Start Of The Relevant Public Procurement Procedure, The Total Quantity Is Eur 2,291,799,983, Which Also Includes Ancillary Costs And Provision Of Advance Care. Premium Calculation: The Contracting Party/Insured And The Insurer Agree To Follow The Following Methodology For Calculating Premiums: Property Insurance Premium = ( Sum Insured * Premium ) Parameters For The Period Of Risk Bearing: Duration Of Insurance: Planned For July 1, 2026, But No Earlier Than The Day After The Date Of Signing The Contract For A Period Of 12 Months Waiting Period: No Waiting Period Can Be Applied To The Risks Specified In The Entire Scope Of The Technical Specification, All Risks Start Uniformly With The Beginning Of The Risk Bearing Stipulated In The Contract. Based On The Contract, The Insurer Undertakes To Provide Insurance Coverage, Pay Compensation Or Perform Other Insurance Services, And The Insured To Pay The Premium, Depending On The Occurrence Of Future Events (Insurance Events) Specified In The Contract. The Insurance Coverage Covers The Following Insurance Methods And Risks. - All Risks Property Insurance, Machine Breakdown Insurance, And Business Interruption Insurance The Details Of The Insurance Coverage Content Are Contained In The Technical Specification And Its Annexes, The Detailed Budget To Be Priced And The Insurers Offer, And If It Does Not Conflict With The Technical Specification And The Public Procurement Documents, The General And Special Conditions Explained To The Insured By The Insurer As Part Of The Offer. The Detailed Conditions Are Contained In The Technical Specification, Which Is Part Of The Public Procurement Documents. If, During The Term Of The Contract, Assets Not Yet Known At The Time Of The Contracts Entry Into Force Are Included In The Scope Of Operation Of The Bidder, Then The Bidder Is Entitled To Unilaterally Enforce A Deviation Of A Maximum Of + 5 (Five) % Compared To The Initial Asset Value, In Accordance With The Provisions Of The Draft Contract With Regard To The Initial Quantities. Definition Of The + 5 (Five) % Quantitative Difference: The Product Of The Total Asset Value Specified By The Contractor In The Public Procurement Documents And The Maximum + 5 (Five) % Rate, Where The Result Must Be Rounded Up (To A Whole Number) In All Cases. The Reason For The Quantitative Difference: To Cover Changes In The Insurance Claim Arising From The Contracting Party/Insured During The Term Of The Contract, After The Beginning Of The Risk Bearing Of The Contract.
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