Property All Risk Insurance
 |
| Property All Risk Insurance |
The Property All Risks Insurance Policy offers wider coverage than Fire and Allied Perils by covering accidental physical loss of or damage to the Property Insured whilst situated at the premises described in the policy, everything is covered other than the exclusions, defined in the wordings.
This Insurance is designed to cover your properties against loss or damage caused by any accident or misfortune unless specifically excluded in the Policy.
Protect your properties against;
- Fire
- Lightning
- Explosion
- Earthquake
- Riot
- Strike
- Civil commotion
- Malicious damage
- Standard Explosion.
- Vehicle Impact Damage.
- Aircraft Damage.
- Bursting or Overflowing of Water Tanks, Apparatus or Pipes.
- Earthquake, Volcanic Eruption, Typhoon, Windstorm and Flood.
- Impact by own vehicle
- Theft or attempted theft (by violence to persons or threat thereof or by violent and forcible entry to or exit from the premises) and Accidental loss or damage
The property to be insured may consist of the following physical assets:
- Building, Home, Warehouses
- Plant, factories and equipment
- Furniture, fixtures and fittings
- Office equipment
- Stock in trade from raw materials to finished products
The sum insured can either be on the basis of the actual value or the new replacement value of the property, but should be adequate to cover the total exposure. The insured can provide the sum insured, or may seek the assistance of our technical staff to determine the adequacy.
The policy is usually issued on an Annual basis.
Possible extensions/alternate solutions
Premiums are based on the type of occupancy, physical features, values at risk, requirement of additional covers. There is a deductible for each and every loss under the policy and coverage is subject to exceptions and exclusions, which form part of the policy terms and conditions.
Possible extensions/alternate solutions
Premiums are based on the type of occupancy, physical features, values at risk, requirement of additional covers. There is a deductible for each and every loss under the policy and coverage is subject to exceptions and exclusions, which form part of the policy terms and conditions.
Our technical staff will always be happy to assist you should you require additional information or further clarification.
#property all risk insurance in indonesian #property all risk policy wording #property all risk insurance adalah #all risk insurance policy wording #all risk commercial property insurance #all risk insurance definition #risk coverage #all risk homeowners insurance
#property all risk insurance in indonesian #property all risk policy wording #property all risk insurance adalah #all risk insurance policy wording #all risk commercial property insurance #all risk insurance definition #risk coverage #all risk homeowners insurance
Posted in: Property All Risk Insurance
