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