This insurance is the extension of fire perils insurance.
Offering protection from loss resulting from stealing and burglary,
with the condition the building or materials have been protected by fire perils insurance
What can be insured
Household equipment and personal equipment like computers, television, radios, or other household equipment, or special equipment like furniture or piano.
Every material that are insured must be given the details, such as : brand, type, manufacture year, purchase price, unit total. This details are essential both by customer and insurance party.
Why? If there’s a break in the customer can claim the item type with specification like in insurance policy attachment and estimate the total loss.
What risks are insured
- Loss of materials because of theft preceded by violance or force or followed by building damage
- Damage of material or building because of those violance is also insuredusaknya barang-barang atau bangunan akibat tindakan kekerasan tersebut
What risks are not insured
- Loss or damage that are caused by insured family members or the insured’s employees
- Loss that can be insured through fire perils insurance or glass insurance; valuable documents, shares, paper money, coins,
documents and others, except declared expressly in policy summary; war, riot and others; government regulations
Who need this product
Company or individual that has insured their building first with fire perils insurance.
Building where the insured material is in can be in the form of house, office, public telephone, internet cafe,
garment factory or other business place
Factors affect the premium rates
Location and the use of buildings; building condition like is it inhabited or mostly vacant, environment condition, loss because of robbery or demolition,
type and value of insured material and the storage location inside the building
How to count insurance premium
Premium can be counted with formula = Total coverage money (JUP) x premium rates (in percent) for every one carriage