Policy to provide coverage totaling $52.3 million.
The Vinpearl Luxury Resort in Da Nang has taken out an insurance policy with the Post & Telecommunication Joint Stock Insurance Corporation (PTI), with coverage totaling VND1.17 trillion ($52.3 million).
The policy includes asset insurance, fire insurance, business interruption insurance, and public liability insurance.
The public liability insurance covers personal injury or property damage to a third party.
Business interruption insurance will insure the gross profit of the Resort and any higher operating costs caused by damage to insured property.
Vinpearl Da Nang is a five- star luxury resort that includes a 200-room hotel and 39 villas on Vietnam’s central coast.
PTI also insures urban areas and major resorts such as Vinpearl Luxury Nha Trang, Sun Spa Resort, and the Splendora urban area, among others.