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    Quotation EL's Yogya

    Uploaded by

    hadi
    This document is a quotation slip for property all risks insurance for Charles's business. It provides coverage of IDR 3 billion for inventory and stock at Charles's computer store in Yogyakarta. The policy has a deductible of 5-10% of loss depending on the cause. The total annual premium for property damage coverage is IDR 6,042,000. The policy is issued by PT Asuransi MAG and is valid from an unspecified effective date.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Quotation EL's Yogya

    Uploaded by

    hadi
    375 views3 pages
    This document is a quotation slip for property all risks insurance for Charles's business. It provides coverage of IDR 3 billion for inventory and stock at Charles's computer store in Yogyakarta. The policy has a deductible of 5-10% of loss depending on the cause. The total annual premium for property damage coverage is IDR 6,042,000. The policy is issued by PT Asuransi MAG and is valid from an unspecified effective date.

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    contoh quotation PAR

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    This document is a quotation slip for property all risks insurance for Charles's business. It provides coverage of IDR 3 billion for inventory and stock at Charles's computer store in Yogyakarta. The policy has a deductible of 5-10% of loss depending on the cause. The total annual premium for property damage coverage is IDR 6,042,000. The policy is issued by PT Asuransi MAG and is valid from an unspecified effective date.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    375 views3 pages

    Quotation EL's Yogya

    Uploaded by

    hadi
    This document is a quotation slip for property all risks insurance for Charles's business. It provides coverage of IDR 3 billion for inventory and stock at Charles's computer store in Yogyakarta. The policy has a deductible of 5-10% of loss depending on the cause. The total annual premium for property damage coverage is IDR 6,042,000. The policy is issued by PT Asuransi MAG and is valid from an unspecified effective date.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    QUOTATION SLIP

    NO. 0017/PAR/ I/ 2020

    TYPE OF INSURANCE : PROPERTY ALL RISKS INSURANCE amended with Riots, Strikes, malicious
    Damage plus Civil Commotion (RSMDCC)

    WORDING : IAR - Munich Re Version amended with RSMDCC (Code : RSMD 4.1B/2007)

    INSURED NAME : CHARLES

    BUSINESS : All operations of the Insured including but not limited to occupation and
    all other activities related to the Insured’s business, and any other occupation
    in which the Insured become engaged

    INSURANCE PERIOD : To be advised (both dates inclusive at 12.00 noon local time)

    RISK LOCATION : EL’S Computer. Jl CSimanjutak No38,Terban,Yogyakarta

    COVERAGE : All Risks of Physical Loss or of Damage to the Insured property from any c ause
    except as hereinafter excluded (subject to Policy Exclusions)

    TOTAL SUM INSURED : IDR 3 ,000,000,000

    INTEREST INSURED : Material Damage :


    Inventory IDR 200,000,000
    Stock IDR 2,800,000,000

    RATE : PROPERTY DAMAGE :


    - Material Damage
    FLEXAS : 0.1520%
    (DAI Code : 2934)
    TSFWD : 0.0450%
    OTHER : 0.0010%
    RSMDCC : 0.0010%
    IoV : 0,0010%

    DEDUCTIBLE : Material Damage (Applicable for each and every loss)


    - Fire, Lightning, Explosion, Aircraft Damage & Smoke : 5% of loss,
    minimum IDR 0.1% of TSI
    - Riot, Strike and Malicious Damage : 10% of loss, minimum IDR
    10,000,000
    - Civil Commotion : 10% of loss, minimum IDR 10,000,000
    - Flood, Windstorm, Tempest, Water Damage, Landslide, Landslip and
    Subsidence : 10% of loss
    - Other Causes : IDR 2,500,000
    - Burglary : 5% of loss, minimum IDR 2,500,000

    ADDITIONAL CLAUSES : APPLICABLE FOR ALL SECTION OF PROPERTY AND EARTHQUAKE


    - Appraisement Clause
    - Alterations Clause (30 Days)
    - Average Relief (85%)
    - Automatic Reinstatement of Sum Insured (Subject to additional premium)
    - Capital additional Clause (10% of SI)
    - Civil Authorities Clause
    - Cyber Risk Exclusion Clause - NMA 2915
    - Dispute Clause
    - Extra Contractual Obligation Exclusion Clause
    - Electrical circuit Clause
    - Electronis Data Endorsement B
    - Earthquake Exclusion Clause
    - Flood, Windstorm, Tempest and Water Damage Endorsement (4.3A)
    - Fire Brigades Charges Clause (Limit : IDR 50,000,000)
    - Fire and Extinguishing Cost Clause (Limit : IDR 50,000,000)
    - General Interest Clause
    - Industries, Seepage, Pollution and Contamination C lause (NMA 1685)
    - Internal Removal Clause
    - IT Hazard Clarification Agreement - NMA 2912
    - Indonesian Jurisdiction Clause
    - Landslip, Landslide & Subsidence Clause
    - Leased Property Clause
    - Minor Alterations and Repairs Clause
    - Misdescription Clause
    - Notice of Cancellation Clause (30 Days, except 3 Days for RSMDCC)
    - Non Automatic Renewal Clause
    - Nuclear Enerrgy Risk Exclusion Clause – NMA 1994
    - Property Damage Clarification Clause
    - Removal of debris ( max 10 % of sum insured)
    - Reinstatement Value Clause
    - Riot, Strikes and Malicious Damage and Civil Endorsement (4.1/B 2007)
    - Smoke and Vehicle Impact Endorsement (Code : 4.11-01/12/1998)
    - Terrorism Exclusion Endorsement - NMA 2910
    - Transmission and Distribution Lines Exclusion Clause
    - War and Civil War Exclusion Clause
    - Workmen’s Clause
    - Dispute Clause
    PREMIUM CALCULATION : 1. PROPERTY DAMAGE :
    - Material Damage
    FLEXAS :IDR 3,000,000,000 x 0.1520% = IDR 4 ,560,000
    TSFWD :IDR 3,000,000,000 x 0.0450 = IDR 1,350,00
    OTHER :IDR 3,000,000,000 x 0.0010% = IDR 30,000
    IoV :IDR 3,000,000,000 x 0,0010% = IDR 30,000
    RSMDCC:IDR 3,000,000,000 x 0.0010% = IDR 30,000
    Policy Cost + Stamp Duty = IDR 42,000

    Total Premium for Property Damage = IDR 6 ,042,000

    Yogyakarta, January 22, 2020 Confirmation


    Sign on Behalf of
    PT Asuransi MAG (a Fairfax Company)

    Hadi Prasetiyawan ( ............................................ )

    Branch Manager

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