Property Insurance

 

This type of insurance covers the risk of losses to assets (property), building, or contents of buildings. This insurance is comprised of:

 

FIRE AND ALLIED PERILS

Covering loss and/or damage caused by fire, lightning, explosions, impact of aircraft, and smoke damage. This policy can be extended to cover earthquake risk (Indonesian Standard Earthquake Policy), Riot, Strike, Malicious Act, Civil Commotion, Flood, Typhoon, Windstorm, Landslide and other perils. 

 

PROPERTY/INDUSTRIAL ALL RISKS INSURANCE

Covering all risks of loss and/or damage to assets or buildings, except on risks exclusions as stated in the insurance policy, whether it is used for dwelling house,industrial or non industrial purposes.

 

BUSINESS INTERRUPTION INSURANCE

Covering loss of profits due to perils covered under Property/Industrial All Risk Insurance (following Property Damage).