Posts Tagged ‘000’

INLAND TRANSIT (IDR 2,000,000,000 for each conveyance and within Jabotabek only)

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the policy or endorsed thereon and subject to the insured having paid the agreed extra premium, Section I of this insurance shall be extended to cover loss of or damage to the property insured whilst in transit to the contract site other than on waterways or by air ... Full story

CLAIM PREPARATION COST CLAUSE (sub limit IDR 500,000,000 any one loss or series of losses arising from any one event)

The insurance under this item is to cover such reasonable professional fees payable by the insured to their financial adviser (including fees of accountants, loss adjusters and/or valuer’s appointed by the insured) and such other reasonable expenses necessarily incurred by the Insured and not otherwise recoverable, for preparation of claims and proving the loss under section 1 and 2 of the ... Full story

PLATE GLASS BREAKAGE CLAUSE (US$ 500,000

This policy insures glass of all kinds, plain, plate or ornamented. The Insurer will indemnify the Insured by payment or at its option by reinstatement against breakage of the Glass Insured. Subject always to the terms, exceptions and conditions contained in this policy and the indemnity being limited to US$ 500,000 in each and every loss. The insurer ... Full story

CONSTRUCTION / ERECTION / ALTERATION / REPAIR WORKS (Limit IDR 5,000,000,000.00 per contract value)

It is hereby declared and agreed that this policy is extended to cover property under construction or erection subject to the project having a contract value of IDR 5,000,000,000.00 or less but cover excludes testing and commissioning absolutely.  This extension in coverage strictly excludes Business Interruption and/or Advance Loss of Profit. Full story

LOCKS AND KEYS CLAUSE – LIMIT US$ 1,000.-

he master keys are stolen or if there are reasonable grounds to believe that the master keys may have been dupliNotwithstanding anything contained in this policy to the contrary if as a consequence of any event giving rise to a claim hereunder, tcated, the Insurer (s) will indemnify the Insured in respect of the cost of replacing locks and/or keys, provided ... Full story

INLAND TRANSIT COVERAGE SUBJECT TO A USD 350,000.00 ANY ONE CONVEYANCE AND USD 2,000,000.00 IN ANNUAL AGGREGATE

This insurance is against All Risks of Loss of or Damage to the subject matter insured hereby whilst in ordinary or customary course or transit but shall in no case be deemd to extend to cover loss damage or expense proximately caused by delay or interent vice or nature of the subject-matter insured Full story

AUTOMATIC COVER FOR NEW LOCATIONS CLAUSE (Sub Limit IDR100,000,000.00)

It is hereby declared and agreed that the company will hold covered any new locations acquired by the insured during the period of insurance subject to not more than IDR100,000,000.00 at any one location. The insured shall declare to the company every quarter and additional premium shall be charged accordingly. Full story

ALL OTHER CONTENTS CLAUSE (in respect of employees effects Rp. 5,000,000.- )

It is agreed that the Term “All other Contents, is understood to include: Money and stamps not otherwise specifically insured for an amount not exceeding Rp. 5,000,000.- Documents, manuscripts and business books but only for the value of the material as stationary, together with the cost of clerical labour expended in writing up, and not for the value to the Insured of the information contained ... Full story
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