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December 17, 2010

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Jing'an victims can now claim

RESIDENTS from the 28-floor residential building which caught fire last month can now choose an appraisal agency and list their losses, according to an announcement yesterday.

The compensation plan, issued in the announcement by the Jing'an Construction Group, which has been held responsible for the fire in Jing'an District on November 15 that killed 58 people, details the categories of the properties people can apply for evaluation and compensation.

After choosing an appraisal agency to evaluate their financial losses, people can file a list of their interior decorations, furniture, electrical appliances, clothes and vehicles.

Residents can also write down their valuable possessions, including jewelry, cash, antiques, securities, artwork, and mahogany furniture, and apply for valuation and compensation.

Based on the appraisal results, residents and JCG can negotiate the exact compensation amount. JCG will cover the evaluation service fees.

If both sides cannot reach an agreement, people can file a lawsuit to solve the dispute, said the plan.

Each household will receive 70 yuan (US$10.50) per square meter a month as a monthly subsidy for rent.

Meanwhile, local residents can expect to receive higher compensation from insurance companies for their loss in public accidents such as fires and earthquakes, if they or their property management companies pay a higher premium for the residential complex insurance.

The measure has been tested in several residential communities, where residents do not need to pay the premium themselves, instead property management companies pay it as a return for those paying the property management bills.

The trial, launched by the Trade Association of Shanghai Property Management and insurance companies, has been initially approved by the city's 400-plus property management companies and is expected to benefit about 1 million families.


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