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33. INSURANCE | 12 Months Ended
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Dec. 31, 2020
Disclosure of types of insurance contracts [abstract] |
INSURANCE |
33. | INSURANCE
The Company maintains insurance policies to cover damages on certain assets, in accordance with orientation by specialists, as listed below, taking into account the nature and the degree of risk, for amounts considered sufficient to cover any significant losses related to its assets and responsibilities. The risk assumptions adopted, due to their nature, are not part of the scope of an audit of the financial statements, and consequently were not examined by the external auditors.
|  | Coverage |  | Coverage period |  | Amount insured (1) |  | Annual premium (1)
Companhia Energética de Minas Gerais |  |  |  |  |  |  |  |  |  |
Facilities in buildings |  | Fire |  |  | Jan. 8, 2021 to Jan. 8, 2022 |  |  | R$8,661 |  | R$2
Cemig Geração e Transmissão |  |  |  |  |  |  |  |  |  |
Air transport / Aircraft |  | Fuselage Third party |  |  | April 29, 2020 to April 29, 2021 April 29, 2020 to April 29, 2021 |  |  | US$1,140 US$4,000 |  | US$24
Warehouse stores |  | Fire |  |  | Nov. 2, 2020 to Nov. 2, 2021 |  |  | R$18,981 |  | R$17
Buildings |  | Fire |  |  | Jan. 8, 2021 to Jan. 8, 2022 |  |  | R$240,527 |  | R$70
Telecoms equipment (3) |  | Fire |  |  | Jan. 8, 2020 to Jan. 8, 2021 |  |  | R$2,650 |  | R$2
Operational risk - Transformers above 15MVA and other power distribution equipment with value above R$1,000 |  | (2) |  |  | Dec. 7, 2020 to Dec. 7, 2021 |  |  | R$75,118 |  | R$941
Cemig Distribuição |  |  |  |  |  |  |  |  |  |
Air transport / Aircraft / Guimbal equipment |  | Fuselage Third party |  |  | April 29, 2020 to April 29, 2021 |  |  | US$3,370 USS14,000 |  | US$51
Warehouse stores |  | Fire |  |  | Nov. 2, 2020 to Nov. 2, 2021 |  |  | R$74,575 |  | R$68
Buildings |  | Fire |  |  | Jan. 8, 2021 to Jan. 8, 2022 |  |  | R$616,157 |  | R$179
Telecoms equipment (3) |  | Fire |  |  | Jul. 8, 2020 to Jul. 8, 2021 |  |  | R$31,082 |  | R$28
Operational risk – Transformers above 15MVA and other energy distribution equipment with value above R$ 1,000 (2) |  | Total |  |  | Dec. 7, 2020 to Dec. 7, 2021 |  |  | R$545,062 |  | R$717
Gasmig |  |  |  |  |  |  |  |  |  |
Gas distribution network / Third party |  | Third party |  |  | Dec. 15, 2020 to Dec. 15, 2021 |  |  | R$60,000 |  | R$378
Own vehicle fleet (Operation) |  | Damage to third parties only |  |  | Jul. 7, 2020 to Jul. 7, 2021 |  |  | R$500 |  | R$3
Own vehicle fleet (Directors) |  | Full cover |  |  | Oct. 25, 2020 to Oct. 25, 2021 |  |  | R$100 |  | R$2
Facilities – multirisk |  | Robbery, theft and fire |  |  | Dec. 31, 2020 to Dec. 31, 2021 |  |  | R$32,667 |  | R$39
(1) Amounts expressed in R$ ‘000 or US$’000. (2) Maximum indemnity limit: R$231 (3) Contracting of a new policy is in progress. The Company, except for its aircraft, does not have third party liability insurance covering accidents, and is not seeking proposals for this type of insurance. Additionally, Company has not sought proposals for, and does not have current policies for, insurance against events that could affect its facilities such as earthquakes, floods, systemic failures or business interruption. The Company has not suffered significant losses arising from the above-mentioned risks.

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