General Information
In adherence to the rules regulating the Railway Sector, we inform our customers of the public liability coverage taken out by Renfe-Operadora, which is required from us as a company operating travel and goods transport by rail:
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Mandatory Accident Insurance taken out with the company CAJA SE SEGUROS REUNIDOS, Compañía de Seguros y Reaseguros, S.A. (CASER), according to the conditions, scope, benefits and insured amounts established in Royal Decree 1575/1989 of 22 December approving Mandatory Travel Insurance Regulations, i.e., in order to compensate travellers or their beneficiaries in the event of personal injury caused by accident while travelling on the railway service operated by Renfe-Operadora. This coverage has been extended with an accident insurance policy for mishaps suffered by travellers at the suburban stations managed by Renfe-Operadora and for certain groups of people who work on board the trains. These extensions have been executed under the same terms provided for by the aforementioned Regulations. The coverage has been extended to the return journey on international trains, and the limit of health care benefits has also been raised, among other enhancements.
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Civil Liability Insurance (Article 48 of the Railway Sector Act 39/2003 of 17 November, and Article 63 of its Regulations, approved by Royal Decree 2387/2004 of 30 December) underwritten with AXA CORPORATE SOLUTIONS ASSURANCE S.A., Spanish Subsidiary, to answer for damages caused to travellers and their luggage, to transported mail or freight, to railway infrastructures, trains, and to third parties, persons or goods, according to the conditions, scope and amounts established in Article 63 of the aforementioned Regulations, with an excess insurance of one and a half million Euros.
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Bank guarantee furnished by BANCO BILBAO VIZCAYA ARGENTARIA, S.A. to cover the aforementioned liabilities below the aforesaid excess insurance, set by definitive court's decision or arbitrator's award, in the event of payment not being made by Renfe-Operadora, and for the reasons and limits established in Article 63 of the aforementioned Regulations.
