PRODUCTS & SERVICES


   1. Fire Insurance
   2. Engineering Insurance
   3. Automobile Insurance
   4. Marine Cargo Insurance
   5. Personal Accident Insurance

FIRE INSURANCE

Fire Insurance is an insurance which covers any accidental loss of/or damage to your property and/or interest caused by fire and other perils which is covered under the policy.

Insurance companies in Indonesia generally refer to the Indonesian Standard Fire Policy.

Perils Insured under Indonesian Standard Fire Policy are:

a) Fire
b) Lightning
c) Explosion
d) Impact of falling aircraft
e) Smoke

Extended coverage with additional premium that are usually offered by Insurance companies accompanying the Indonesian Standard Fire Policy are:

a) Riot, Strike, Malicious Damage (RSMD) plus Civil Commotion as per DAI version
b) Earthquake, Fire and explosion following earthquake, Volcanic Eruption, Tsunami
c) Removal of Debris
d) Landslide/Landslip
e) Business Interruption
f) Typhoon Flood, Water Damage Windstorm
g) Smoke and Vehicle Impact

Property All Risk:

Property All Risks (PAR) is an insurance which covers any unforeseen, sudden and accidental physical loss/damage/destruction to the insured's property subject to some exclusion causes as follows:

a) War, invasion, act of foreign enemy, hostilities, strike, riot, civil commotion, revolution, terrorism, sabotage
b) Nuclear radiations or contaminations
c) Nuclear radioactive toxic explosive
d) Willful act or willful negligence of the insured or the insured's representatives
e) Total or partial cessation of work

Kind of Coverage in a Property All Risks (PAR) insurance policy consists of two sections as follows:

Section 1: Material Damage
Section 2: Business Interruption

Note: All description mentioned above are virtually very general, therefore, information in detail shall be determined by terms and conditions mentioned in the policy.

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ENGINEERING INSURANCE

Engineering Insurance is an insurance which covers any loss or damage to the insured property (usually construction, construction materials, equipments or machinery) during construction work or installation of machinery against any unforeseen, sudden, accidental, physical loss or damage.

Some of Engineering Insurances also cover accidental loss of or damage to property belonging to third parties and bodily injury of third parties subject to agreed limitations.

Engineering Insurance Line of Business:

a) Contractor All Risk Insurance (CAR). An insurance which covers any risks of loss and/or physical damage to construction work during construction engagement
b) Erection All Risk Insurance (EAR). An insurance which covers any risk of loss and/or physical damage to machinery during the installation or erection
c) Machinery Breakdown Insurance (MBI). An insurance which covers any risk of loss and/or physical damage to machinery that are operational
d) Electronic Equipment Insurance (EEI). An insurance which covers any risk of loss and/or physical damage to electronic equipment
e) Contractors Plant and Machinery Insurance. An insurance which covers any risk of loss and/or physical damage to Insuredís (as a contractor) plant and machinery whether at rest or in operation

Note: All description mentioned above are virtually very general, therefore, information in detail shall be determined by terms and conditions mentioned in the policy.

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AUTOMOBILE INSURANCE

Automobile Insurance is an insurance which covers any loss of/or damage to motor vehicle caused by accident or theft, and third party liability.

Kinds of Coverage of an Automobile Insurance:

a) Comprehensive - Covers any loss or damage in respect of property damage include partial loss
b) Total Loss Only - Covers any loss of motor vehicle due to theft or if cost of repair exceeds 75% of value at risk

Extended Coverage for an Automobile Insurance:

a) Personal Accident for Passenger
b) Personal Accident for Driver
c) Passengers Legal Liability
d) Strike Riot Civil Commotions e) Terrorism & Sabotage (Terms and Conditions apply)
f) Natural Hazards (Earthquake, Tsunami, Volcanic Eruption, Flood and Storm)

Indemnity to the insured shall be deducted by its own retention and this insurance applies within the Indonesian territory only.

Note: All description mentioned above are virtually very general, therefore, information in detail shall be determined by terms and conditions mentioned in the policy.

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MARINE CARGO INSURANCE

Cargo Insurance is an insurance which covers any loss of/or damage to subject matter insured during shipment or transportation by:

Marine transportation
Land transportation
Air transportation

Marine Cargo Insurance Conditions

There are three insurance conditions that are mostly used amongst of many existing marine insurance conditions. These conditions are:

a) Institute Cargo Clauses "A" 1/1/82
b) Institute Cargo Clauses "B" 1/1/82
c) Institute Cargo Clauses "C" 1/1/82

Each of these condition provides different scope of cover, for instance, the Institute Cargo Clauses "A" 1/1/82 has the widest scope of cover, while Institute Cargo Clauses "B" 1/1/82 has less scope of cover. And Institute Cargo Clauses "C" 1/1/82 has the least scope of cover of these three.

Risk

Condition
A
B
C
Fire Explosion
Y
Y
Y
Sunk Stranded Grounded Burnt Capsized
Y
Y
Y
Collision
Y
Y
Y
Derailment Overturning
Y
Y
Y
Discharge of cargo (Port of Distress)
Y
Y
Y
Jettison
Y
Y
Y
General Average (Sacrifice)
Y
Y
Y
Earthquake Volcanic Eruption Lightning
Y
Y
N
Washing Over Board
Y
Y
N
Total Loss Per Package (Loading Unloading)
Y
Y
N
Earthquake, volcanic eruption or lightening
Y
Y
N
Rain and/or Fresh Water Damage (RFWD)
Y
N
N
Sweat and Heating
Y
N
N
Chafing and Scratching
Y
N
N
Rats & Verminís
Y
N
N
Theft, Pilferage and/or Non-Delivery (TPND)
Y
N
N
Breakage, Bending and/or Denting (BBD)
Y
N
N
Leakage and/or Shortage
Y
N
N
Contamination
Y
N
N
Malicious Act
Y
N
N
Piracy
Y
N
N
Ordinary leakage, loss of weight/volume, wear and tear
N
N
N
Delay, loss of market or consequential loss
N
N
N
Insufficiency or unsuitability of packing or preparation
N
N
N
Rusting, Oxidation, Discoloration, Contamination
N
N
N

Extended Coverage

Just like any other insurance, Cargo Insurance conditions can be extended subject to your requirements, below are some examples of the extension cover:

a) Institute War Clauses 1/1/82
b) Institute Strikes Clauses 1/1/82

Note: All description mentioned above are virtually very general, therefore, information in detail shall be determined by terms and conditions mentioned in the policy.

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PERSONAL ACCIDENT INSURANCE

Personal Accident Insurance is an insurance which gives benefit for death/permanent disablement and medical expenses for injury as a result of any sudden, unforeseen, and external accident.

All Risks covered, Except:

* Willful act of the policyholder (in case the policyholder is a juridical person, this means its trustee, its director or any other executive) or the insured
* Willful act of a person entitled to the benefits under this contract
* While the insured is acting in the capacity of or under the direct orders of any branch of the armed forces, or police authorities
* War, military action of foreign nations, revolution, insurrection, civil commotion, armed rebellion or other similar disturbance or riot
* Criminal act of the insured
* Suicide or attempt thereat by the insured
* Accident while the insured is driving an automobile or a motorcycle without a current valid license or while under the influence of alcohol and/or drugs
* Brain disease, sickness or insanity of the insured
* Earthquake, volcanic eruption or tsunami
* Medical or surgical treatment except where such treatment is necessary solely by injuries for which the company is liable
* Pregnancy, childbirth, premature birth miscarriage of the insured
* Accident while insured doing dangerous sport activities

Note: All description mentioned above are virtually very general, therefore, information in detail shall be determined by terms and conditions mentioned in the policy.

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