IS YOUR MUNICIPALITY COVERED BY ADEQUATE INSURANCE?
Legislative changes and older, unrevised insurance policies are a common Achilles' heel in municipal insurance. More than half of towns and municipalities pay more for insurance than they should, and their policies do not reflect the current value of their assets or current legislation. Up to 81% of towns and municipalities could get higher coverage for the same money.
IS YOUR MUNICIPALITY COVERED BY ADEQUATE INSURANCE?
If you want to find out if your municipality is covered by an adequate insurance policy, have an independent audit prepared. This includes a review of insurance contracts, identification of underinsurance, policy gaps, and potential savings. We will propose solutions for old damages and develop a clearer and more cost-effective solution by consolidating policies into a single insurance contract. We specialize in public procurement; managing public tenders is standard practice for us. We will prepare a transparent offer from insurance companies for you, in accordance with the Public Procurement Act.
100% of towns and municipalities in the Czech Republic regularly deal with problems related to vandalism, natural disasters, or other accidents. It happens that a municipality's forest burns down or a monument is damaged, but no one addresses the compensation. This is because municipalities are not accustomed to negotiating with insurance companies. Bring in an expert who will secure the funds for your municipal treasury.
Do you know how old your insurance contracts are? A five-year-old contract does not reflect today's asset values. Due to rising real estate prices, an insured municipal property will no longer correspond to its actual value based on its previous valuation. Furthermore, older contracts do not comply with current legislation. This leads to complicated negotiations with the insurance company later on.
Is there a real estate monument in your municipality? You probably suspect that a monument is not an ordinary house in terms of insurance. For the policy to cover specialized restoration repairs, it cannot be insured as a regular house. Therefore, it's a good idea to check this fact in your insurance contracts.
With the current pandemic situation, the number of cyberattacks is also increasing. Brno University Hospital and Benešov Hospital are examples of many victims who have recently faced such attacks. Attackers deliberately target entities like schools, offices, and hospitals because they hold large amounts of data and also have funds for payouts. Don't get caught off guard; insure yourself against these risks too.
Are your municipality's emergency services insured correctly? For example, a large number of policies insure fire trucks as regular vehicles, even though the firefighting equipment contained within these vehicles is much more valuable.
Find out if everything is in order. Contact us; Eurovalley specialists will prepare an independent audit for you that will reveal where you are overpaying and in which cases your policy is insufficient. We will prepare a new insurance concept tailored to your current needs and manage the public tender process with insurance companies on your behalf.
We are Eurovalley, an insurance company with 28 years of experience.
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Effective insurance starts with understanding risks. We help clients identify, assess, and manage risks so that their insurance strategy aligns with their real-world operations and long-term vision. Our insurance consulting connects detailed analysis with executive-level decision-making processes.
