Product
Businesses Insurance
Compulsory Fire and Explosion Insurance
Overview
As a leading insurer in the construction, installation, and operation of industrial facilities, PVI Insurance is a trusted partner to project owners and contractors, offering comprehensive risk management and insurance solutions. Backed by experienced professionals and solid financial strength, PVI safeguards Vietnam’s national infrastructure and industrial development.
1.Insured Subjects
Compulsory Fire and Explosion Insurance applies to all property at fire- and explosion-hazard establishments, including:
- Buildings, structures, and associated machinery and equipment.
- Goods and materials, including raw materials, semi-finished, and finished products.
2.Scope of Coverage
PVI Insurance will indemnify the insured for losses or damages caused by fire and explosion risks as defined in Government Decree No. 67/2023/NĐ-CP, except in the following cases:
- a) Earthquakes, volcanic eruptions, or other natural phenomena
- b) Damage due to political events, security issues, or social unrest
- c) Property destroyed by order of a competent state authority
- d) Self-combustion, spontaneous heating, or damage due to heat-based processing
- đ) Direct lightning strikes that do not cause fire or explosion
- e) Nuclear materials or weapons causing fire or explosion
- g) Electrical or mechanical breakdown (e.g., overload, short-circuit, arcing, insulation failure), even if caused by lightning
- h) Deliberate fire or explosion caused by the insured; or gross violations of fire safety regulations leading directly to fire or explosion
- i) Loss or damage to data, software, and computer programs
- k) Fire caused by forest burning, bushfires, or controlled burning for land clearance
3.Why Choose PVI Insurance
- Simple and convenient policy issuance procedures
- Timely issurance of insurance certificates
- Professional loss assessment and claims settlement network
4.Claim Notification Procedure
In the event of a loss, the insured must:
- Immediately notify PVI Insurance via available communication methods.
- Submit a written notice within 14 days from the date of the incident.
- Promptly inform the local Fire Prevention and Rescue Police Department.
- Take all necessary measures to protect people and property and minimize further losses.
5.Claim Documentation Required
- Written claim request from the policyholder
- Relevant insurance documents: Insurance contract and certificate
- Most recent Fire Safety Inspection Report issued by the competent Fire Department (copy)
- Loss assessment report (if available)
- Official conclusion or notification on the cause of the fire/explosion from competent authorities (or other supporting evidence)
- Detailed damage report and supporting documents for claimed losses
📄 Legal Reference: Government Decree No. 67/2023/NĐ-CP – Effective from September 6, 2023
📞 Customer Support: 1900 54 54 58
🌐 Website: www.pvi.com.vn