insurance for rental property
Q: There is a presumption Property Insurance is expensive, right?
A: To Property All Risk policy with a broad scope of protection or comprehensive risks, such as earthquakes, floods, and riots, the calculation was not until 1.9 to 2 per mile (per 1,000) of the total value of assets. That is, if the insured has property assets valued at USD 100 million means he only pays a premium of Rp 200 thousand. Thus, the perception of the real expensive less relevant, because the funds of Rp 200 thousand, customers can purchase coverage for property valued at USD 100 million.
As for the policy Standard Fire Indonesia, the value of premiums far below that figure, namely hanya0.5 per mil of the total value of assets. For example, you have a house valued at 100 million, the premium to be paid is 0.5 per 1,000 multiplied by 100 million, ie to Rp. 50,000. So far the comparison between the insurance obtained by the value of premiums dibayarakan.
Q: What is the reference property policy premium calculation?
A: First is the level of risk of insurance object itself. The higher the level of risk, the higher the premium policy. Eg premiums for match factory is more expensive than an ice cream factory as lighters considered more risky.
Another criterion is the quality of the building. In principle, the higher the quality of the construction, the lower the premium rates, nor vice versa.
Construction of the building itself is divided into several categories, namely: Quality building is fireproof class 1, class 2 relatively fireproof, and grade 3 tend to be vulnerable to risks, such as more combustible. Each has a different premium value.
Premiums for the construction of class 1 lower than the grade 2 and 3
Q: What are Guaranteed In Property Insurance Policy?
A: There are two types of guarantees for property insurance: First Indonesian Standard Fire policy that guarantees the risk of fire, lightning strike, the fall of the aircraft, due to the smoke. For standard policy Standard Fire Indonesia, the turn is determined according to the value of losses when events or actual value. That is, if the home loss since built 10 years ago, then the change is calculated based on the value of the building which has a 10 year old, which is the current price minus the value of depreciation for 10 years. Value depreciation to follow the standards set by the Ministry of Finance. As for the All Risk property policy referred to as "new for old", meaning that the change in the form of new buildings that are tailored to the specifications of the previous building, there is no difference, either better or worse than before. Second, the All Risk property policy that ensures all risks other than those excluded in the policy.
For residential package can be combined with Housing Insurance policy that not only ensures the building, but includes property found in the home, such as money or jewelery.
Q: If the purchase of the property through a mortgage insurance has been fitted, is it still need to buy another policy?
A: The bank is only providing insurance protection that is fundamental, namely Standard Fire Indonesia. Other risks such as floods, earthquakes and riots are not guaranteed so that when the insured is unfortunate that he had to spend their own funds to fix it. Not all banks require customers to buy insurance Property All Risk, but we are trying to urge them to complete the policy guarantees properties.
By calculating premium rates on a per-mile property, then if there is expansion of the collateral, additional value is not too significant. While with the complete assurance of the customers free from the possibility to bear the loss themselves.
Q: There is a presumption Property Insurance is expensive, right?
A: To Property All Risk policy with a broad scope of protection or comprehensive risks, such as earthquakes, floods, and riots, the calculation was not until 1.9 to 2 per mile (per 1,000) of the total value of assets. That is, if the insured has property assets valued at USD 100 million means he only pays a premium of Rp 200 thousand. Thus, the perception of the real expensive less relevant, because the funds of Rp 200 thousand, customers can purchase coverage for property valued at USD 100 million.
As for the policy Standard Fire Indonesia, the value of premiums far below that figure, namely hanya0.5 per mil of the total value of assets. For example, you have a house valued at 100 million, the premium to be paid is 0.5 per 1,000 multiplied by 100 million, ie to Rp. 50,000. So far the comparison between the insurance obtained by the value of premiums dibayarakan.
Q: What is the reference property policy premium calculation?
A: First is the level of risk of insurance object itself. The higher the level of risk, the higher the premium policy. Eg premiums for match factory is more expensive than an ice cream factory as lighters considered more risky.
Another criterion is the quality of the building. In principle, the higher the quality of the construction, the lower the premium rates, nor vice versa.
Construction of the building itself is divided into several categories, namely: Quality building is fireproof class 1, class 2 relatively fireproof, and grade 3 tend to be vulnerable to risks, such as more combustible. Each has a different premium value.
Premiums for the construction of class 1 lower than the grade 2 and 3
Q: What are Guaranteed In Property Insurance Policy?
A: There are two types of guarantees for property insurance: First Indonesian Standard Fire policy that guarantees the risk of fire, lightning strike, the fall of the aircraft, due to the smoke. For standard policy Standard Fire Indonesia, the turn is determined according to the value of losses when events or actual value. That is, if the home loss since built 10 years ago, then the change is calculated based on the value of the building which has a 10 year old, which is the current price minus the value of depreciation for 10 years. Value depreciation to follow the standards set by the Ministry of Finance. As for the All Risk property policy referred to as "new for old", meaning that the change in the form of new buildings that are tailored to the specifications of the previous building, there is no difference, either better or worse than before. Second, the All Risk property policy that ensures all risks other than those excluded in the policy.
For residential package can be combined with Housing Insurance policy that not only ensures the building, but includes property found in the home, such as money or jewelery.
Q: If the purchase of the property through a mortgage insurance has been fitted, is it still need to buy another policy?
A: The bank is only providing insurance protection that is fundamental, namely Standard Fire Indonesia. Other risks such as floods, earthquakes and riots are not guaranteed so that when the insured is unfortunate that he had to spend their own funds to fix it. Not all banks require customers to buy insurance Property All Risk, but we are trying to urge them to complete the policy guarantees properties.
By calculating premium rates on a per-mile property, then if there is expansion of the collateral, additional value is not too significant. While with the complete assurance of the customers free from the possibility to bear the loss themselves.
Tidak ada komentar:
Posting Komentar