Billboard Insurance ~ Insurance Academy

Billboard insurance (Neon Sign / Billboard Insurance) covers loss or damage to billboards caused by:
• Theft
• Fires, lightning strikes and explosions
• Riots, strikes, vandalism, riots
• Earthquakes, volcanic eruptions, tsunamis,
• Landslides, floods, hurricanes and storms
• and other accidents

What is the greatest risk? Legal liability to third parties (TPL). For example, a billboard that collapsed due to a typhoon hit a passing car.

Sum Insured
Based on the price of rebuilding the billboard to its original condition, including transportation and installation costs.
TPL limits / limits must be based on risk exposure in the vicinity of the location or based on applicable regulations.

Exception
loss of income, due to weather effects (other than natural disasters), war, terrorism, radioactive and nuclear weapons, and responsibilities under contracts (agreements)

Closing Data
• Sum Insured
• Billboard materials and sizes
• Location or Location of the Billboard (address)
• Billboard construction and foundation
• Billboard Photos
• Claim information for the last 3 years

Premium
It depends on the insurance company considering the closing data that has been provided.