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INSURANCE GUIDE
Appendix to the Agreement
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- Insurer: ERGO Insurance SE Lithuanian Branch
- Insurance Type: Comprehensive Mobile Equipment Insurance (Casco Coverage)
- Policy Period: 30 April 2026 – 29 April 2027
- Deductible: EUR 600 (fixed deductible) | Theft deductible: 10%
Insurance Coverage
Insurance coverage applies both when the equipment or any of its components is used as a working machine and when it is operated as a road vehicle (e.g. while performing excavation, loading, or similar operations), including the loading and unloading of cargo, provided that the equipment is operated in accordance with its intended operating conditions.
What to Do in the Event of an Insurance Claim
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Take all reasonable and available measures to minimize the extent of the loss or damage. |
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Immediately report the incident to the appropriate authorities:
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Report the following incidents to the police: theft, vehicle collision, malicious damage caused by intentional acts of third parties, or any non-traffic-related loss exceeding EUR 1,500. |
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Report any fire to the fire and rescue service. |
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Report any explosion to the police or the emergency services. |
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Report damage caused by water or natural forces to the emergency services or the building management company. |
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3
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Preserve the damaged property until an ERGO claims adjuster has inspected it. |
PERSONS RESPONSIBLE FOR THE INSURANCE OF UAB “ALWARK” EQUIPMENT WHO MUST BE NOTIFIED IMMEDIATELY, BUT NO LATER THAN WITHIN ONE BUSINESS DAY.
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UAB „Alwark”
Asta Makselienė
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UADBB „IVP Partners”
Claims Administration Manager
Živilė Tarvydienė
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UADBB „IVP Partners”
Head of the Legal and Claims Department
Aušra Misiūnienė
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For a more detailed explanation of the insurance terms and conditions, please contact: UADBB „IVP Partners” Projects Manager Neringa Žemaitytė | Tel. nr.: +370 (613) 56575 | [email protected]
Insurance Coverage Does Not Apply
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when the equipment is left in an unguarded or unfenced area (theft coverage does not apply), or when there are no signs of forced entry into the premises, or in the event of unexplained disappearance of the property |
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when the equipment was operated by a person under the influence of alcohol or drugs |
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when the equipment is not in a roadworthy or technically serviceable condition |
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when the equipment was operated by a person without the required authorization, used for purposes other than its intended use, or operated in violation of the manufacturer’s operating instructions |
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when false or fraudulent information has been provided regarding the incident, its consequences, or the circumstances in which it occurred |
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when the loss or damage was caused intentionally or through an attempt to mislead by falsifying facts |
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when the equipment was used for speed trials, racing, or obstacle course activities |
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when the loss or damage resulted from internal mechanical or electrical failure |
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In addition, insurance does not cover loss or damage resulting from:
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Losses are also not covered if the following are destroyed or damaged:
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all types of replaceable tools or components that, by their nature and intended use, are subject to significant wear or rapid deterioration |
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fuel, filter media, lubricants, oils, and other consumable operating materials |
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losses resulting from the continued use of the equipment after the incident and before all necessary repairs have been completed |
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cosmetic defects and damage resulting from wear and tear, corrosion, or similar causes. |
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indirect or consequential losses |
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other exclusions specified in the insurance policy and applicable laws – for more detailed information, please contact the designated contacts |
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