Article 34. Insurance of urban planning activities
Urban Planning Code of the Republic of Uzbekistan · Date: 22.02.2021 · In force
Insurance of construction risks is compulsory for construction projects financed from the State budget of the Republic of Uzbekistan and loans under a government guarantee.
The objects of insurance are buildings, structures, equipment, machinery, spare parts thereof, materials and other property located on the construction site and representing the subject of construction and installation, indicated in the insurance contract, as well as the liability of the insured for harm to life, health and damage to property of third parties during construction and installation works.
Insurance of construction risks during the construction of facilities at the expense of state capital investments is carried out with the attribution of the costs of compulsory insurance of construction risks to the total cost of construction of the object. Insurance for construction projects financed from other sources is carried out on a voluntary basis.
