Property All Risks Insurance
Asuransi Property All Risks Insurance (PAR/IAR) adalah jenis Asuransi yang paling popular dibandingkan dengan jenis Asuransi lainnya, karena Menjamin semua risiko kerugian kecuali beberapa risiko saja yang tercantum dalam pengecualian.
Jaminan Asuransi Property All Risks (PAR) termasuk:
· Jaminan untuk Kerusuhan, Pemogokan, Perbuatan Jahat dan Huru Hara
· Jaminan untuk Angin Topan, Badai, Banjir dan Kerusakan akibat Air
· Jaminan untuk Gempa Bumi, Letusan Gunung Berapi dan Tsunami
· Jaminan untuk Tanah Longsor dan Pergerakan Tanah
Property All Risks Insurance (PAR/IAR) is a very “famous” name amongst other insurance types, because it covers everything (All Risks) except only a few numbers of risks listed as exclusions, It covers fire, riots, strikes, flood, storm, earthquake, volcanic eruption, tsunami and other accidental damages
Typical Policy Inclusions
· Coverage for Riots, Strikes, Malicious Damage and Civil Commotions
· Coverage for Typhoon, Storm, Flood and Water Damage
· Coverage for Earthquake, Volcanic Eruption and Tsunami
· Coverage for Landslide and Subsidence
Principal Exclusions
· War, civil war, terrorism, nuclear, radioactive
· Delay, loss of market or consequential loss
· Dishonesty, fraudulent act
· Mechanical breakdown, overheating of boilers
· Wear and tear, inherent vice
· Pollution or contamination
Property Exclusions
· Property being worked upon / in course of construction
· Property in transit, road vehicles, watercraft, aircraft
· Jewelry, precious stone, work of art
· Timber, crops, animal, bird, fish
· Land, roads, railways, canals, rigs, well, pipelines, bridges
Additional Benefits (Clauses)
* All Other Contents
* Average Relief (85%)
* Architects, Surveyors and Consulting Engineers
* Capital addition (10% of TSI)
* Civil Authorities
* Claims Preparation
* Fire Brigades Charges
* Fire Extinguishing Costs
* Impact by own vehicle
* Internal Removal
* Outbuilding
* Public Authorities
* Removal of Debris
* Reinstatement value
* Temporary Removal
* …………..
Deductibles
Deductible is your own risk, amount that will be deducted from your claim payable, for each risks or circumstances usually set out below:
- Fire, Lightning, Explosion, Impact of Aircraft and Smoke : NIL
- Riots, Strikes, Malicious Damage and Civil Commotions : 10% of claim, min Rp10,000,000
- Typhoon, Storm, Flood and Water Damage : 10% of claim
- Landslide and subsidence : 10% of claim
- Earthquake, Volcanic Eruption and Tsunami : 2.5% of TSI
- Others : Rp1,000,000
