Tuesday, November 18, 2014

Perbedaan PAR dan Fire Standard



Perbedaan Utama Antara Property All Risk and Fire Standard (PSKI)


Property All Risk
Fire Standard (PSKI)
1
Coverage: Un-name peril
Coverage: Name Peril
2
Basis of settlement: Reinstatement
Basis of Settlement: Indemnity
3
Lightning: with and/or without ignites fire
Lightning: only cover if ignites fire
4
Sum Insured: shall not be reduced by any indemnity payment of the loss
Sum Insured: reduced by any indemnity payment of the loss
5
Claim notification: immediately
Claim notification: 7 days
6
Smoke: all smoke subject to exclusion in policy
Smoke: only smoke emanating from property which covered by this policy
7
Short circuit: excluded in respect of machine apparatus
Short circuit: excluded only a part which is originated
8
Dispute: uncontrolled (free to choice arbitration or court)
Dispute: amount – arbitration, liability - court

as Resumed by Arief Admadi - one of My Lecture

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