| Interest Insured |
- Building and Structure,
- Machinery & Equipment
- Stocks ( Including Raw Material, Unfinished and Finished Goods),
- Furniture and Fixture
- Transporation (such as forklifts, trams...)
And other items located belong to enterprises… |
| Who Needs To Buy |
- Manufacturing Factory
- Office Building
- Resident Building
- Department store, Trading Center, Market, Supermarket
- Warehouse
- Hotels, Restaurant
- School
- Hospital
- Cinema, Thearter, Theme park, Zoo...
- Musium, Library, Excibition hall, Bookstore....
- Stadium, Hall, Event center
- Airport, Train station, Metro station...
And who required to buy Compulsory Fire and Explosion Insurance |
| Scope Of Cover/ Insured Perils |
Accidental and Physical loss of or destruction of or damage to the Insured Property while such property is located anywhere within the above risk location(s) caused by:
1. Compulsory Fire and Explosion regulation of The Government
2. Any risks except those covered under Compulsory Fire and Explosion or specifically excluded
(Ex: Lightning, Subterranean Fire, , Boiler Explosion (if it is not predominant risk) all written in conjunction with Fire), Aircraft, Riot, Civil Commotion, Strikes, Locked-Out Workers, Earthquake, Windstorm or Tempest, Flood, Bursting or Overflowing of Water Tanks, Apparatus of Pipes, Impact by Vehicle, Sprinkler Leakage, etc.) |
| Rating |
Depended on the Insured's:
- Business activity
- Risk Management
- Building Structures
- Risk Location
- Loss History
- Deductible
- Market Condition
- Financial Report
- Machine Using Year
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| Requested Document |
- Proposal Form/ Application Form
- Detailed breakdown of Insured Property
- Business License / Investment License
- Official acceptance about fire prevention & protection system of Fire Police Department
- Latest minute of meeting of fire & safety inspection from Fire Police Department
- List of fire protection systems for each building within the site.
- Emergency response procedure
- A statement of profit and loss / a statement of manufacturing cost / Balance sheet (for BI loss calculation)
- Loss/Claim/Significant incidents history (Fire, Natural hazards, Political perils, theft)
- Loan/ Leased/ Mortgage contract(s)
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