Russian insurance companies have started offering optional coverage for war-related risks, driving up the total cost of standard property insurance policies by up to 12%, the business newspaper Kommersant reported Friday.
The new add-ons allow homeowners to buy protection against property damage caused by falling drone debris, missile explosions or malfunctioning Russian air defense systems.
Policy terms from major firms AlfaStrakhovanie and Ingosstrakh now explicitly list “military actions, maneuvers, exercises or military operations of any kind” as covered perils for property damage or loss.
The Kremlin officially refers to its full-scale invasion of Ukraine as a “special military operation.”
According to Kommersant, AlfaStrakhovanie and Ingosstrakh have expanded their coverage to include the use of weaponry like “missiles, artillery shells, landmines, bombs and other munitions, alongside the deployment of air defense systems and the impact of blast waves.”
