Aldagi has reimbursed more than one million Gel for losses to IG Development Georgia Ltd developer company. As InterpressNews was informed by the company, IG Development Georgia Ltd development company insured its property (In the form of buildings) under contract of 2015 with Aldagi. Also, the policy took into account the business suspension risk insurance.
“In the spring of 2016, as a result of a fire in the area of the shopping centre in Kavtaradze Street, the property of the Company sustained significant damage which caused the suspension of the Company business. As a result of the fire, IG Development Georgia Ltd suffered a total loss of GEL 1,276,217, which was fully reimbursed to the Company under the terms of its contract with Aldagi. Aldagi has a close partnership with IG Development Georgia LTD. I think that this case proves once again that Aldagi Insurance Company always acts in compliance with all the clauses of the contract between the two companies. It is noteworthy that this insurance case was very large-scale and complicated as it combined several types of insurance. As a result of the above mentioned accidents the total loss caused by the property damage amounted to 1,092,868.27 Gel. The loss caused by the damage in the form of suspension of production activities was estimated at 210.670 Gel. Despite the difficult circumstances, the loss was settled within the shortest time possible, because the insured company was able to continue its work without delay and in its normal course, ”said Giorgi Baratashvili, General Director of Aldagi Insurance Company.