The Eiffel Tower is about to receive a 60 million euro facelift! The Eiffel Tower is one of France’s iconic monuments. Tourists from all over the world go 

The Eiffel Tower: Renovations & Cost pre the 2024 Olympics | Faydety

The Eiffel Tower is one of France’s iconic monuments. Tourists from all over the world go there every year just to take pictures in front of the tower. The Eiffel Tower is a 324 metres wrought iron lattice tower built by Gustav Eiffel in just two years between 1887 and 1889 and is considered one of the most iconic touristic sites worldwide.&nbsp;&nbsp;It’s enough to know that the tower receives 6 million visitors each year but currently the tower is in need of serious renovations due to accumulated rust.&nbsp;<h2>Total makeover:</h2>&nbsp;At the moment the tower is in need of major renovation due to rust. According to Marianne magazine the plan is to finish the renovation before the 2024 Olympics taking place in Paris.&nbsp;Official reports state that the Eiffel Tower is in need of a €60 million job which includes removing several layers of old paint and a lot of rust. This would mark the 20th paint job that the tower receives.&nbsp;Speaking of towers check our article on the New Administrative Capital tower <a href="https://www.faydety.com/en/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D8%A8%D8%B1%D8%AC-%D8%A7%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9-%D8%A7%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A7%D9%258">here</a>&nbsp;<h2>Why was the repaint cycle delayed?</h2>&nbsp;The reason of course is due to COVID-19 which caused major delays in removing the old paint and dealing with the accumulated rust.According to Marianne magazine a third of the tower was supposed to be stripped down with two new layers of paint added afterwards. However the presence of lead in the old paint layers mean that only about 5% will be treated.&nbsp;<h2>Possibility of closing the Eiffel Tower</h2>&nbsp;The managing company of the tower the Société d’Explotation de la Tour Eiffel (SETE) is reluctant to close the tower for a long period of time due to the expected loss in revenue.

Would the managing company shutdown the Eiffel Tower?



The Eiffel Tower: Renovations & Cost pre the 2024 Olympics

Insurance is a contract, in the form of a policy, in which an individual or entity receives financial protection and/or compensation against losses from an insurance company. Insuring something means diverting the burden of payment for its loss from a personal responsibility to one that the insurance company bears on your behalf, in a certain percentage, depending on the type of insurance you have.&nbsp;&nbsp;The insurance company relies on calculating the probability of a loss or damage to an insured asset. If there is a high probability, then the insurance cost tends to be expensive; on the other hand, if the probability is low, the insurance cost tends to be relatively cheaper.&nbsp;Let's start with the basics.&nbsp;<h2>Insurance Policy:</h2>&nbsp;As stated briefly above, an insurance policy is a contract between you and an insurance company. This policy outlines your agreement's details and determines the claims that the insurer is legally required to pay in exchange for a premium. It essentially states that the insurer must pay for any loss or damage caused by risks covered under the policy.&nbsp;<h2>Insurance Premium:</h2>&nbsp;An insurance premium is a certain amount of money that you need to pay periodically in exchange for the maintenance of your chosen insurance policy. If you are unable to pay the premium, the insurance policy will be forfeited. If this happens and you decide you would like to keep your coverage, you may be required to pay a fine or charge a higher premium accordingly.&nbsp;<blockquote>The insurance company relies on calculating the probability of a loss or damage to an insured asset</blockquote>&nbsp;<h2>Types of Insurance:</h2>&nbsp;There are many different types of insurance. Though it is possible to divide them into two basic categories, under which the other types of insurance fall, the two categories are:&nbsp;<h2>Life Insurance / Health Insurance</h2>&nbsp;Life insurance is a contract between you and an insurance company where, in exchange for premium payments paid by you during your lifetime, the company will pay a sum of money to your beneficiaries after your death.&nbsp;&nbsp;Health insurance covers medical expenses that may arise due to illness. These expenses could entail costs of hospitalization, cost of medicines, or medical consultation fees.&nbsp;These insurance types are primarily based on individuals, although some countries go one step further and provide pet insurance. This is because, at times, the cost of medicines and veterinarian visits are higher than the costs of individuals.&nbsp;<h2>Property Insurance / Disaster Insurance</h2>&nbsp;This type of insurance reimburses an individual or business and protects a physical property against loss from theft, fire, natural disasters, etc. Property insurance covers the building or structure itself as well as its contents, whether personal or corporate, including furnishings, inventory, and other items.&nbsp;Get your <a href="https://www.faydetyinsurance.com/en">Insurance Policy</a> Now through Faydety!

What do you know about the Insurance system in Egypt? and what's its Policies, Premium, and kinds? All you need to know about insurance

The Eiffel Tower: Renovations & Cost pre the 2024 Olympics

Would the managing company shutdown the Eiffel Tower?

Total makeover:

Why was the repaint cycle delayed?

Possibility of closing the Eiffel Tower

Editors' Choice