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Exploitation Period

The insurance for the exploitation period is considered for a certain timespan during the exploitation. Whenever the mine is active, and the selling price of the minerals gets lower than the estimated price because of market conditions and oscillation, there would be an agreement between the insurer and the insured, and the insurer would pay the damage resulted from the difference of the minerals’ estimated price and selling price during the agreed timespan, while the mine is still active. With the confirmation from the insurer, the operation can stop and the damage would be compensated by the insurer.