Social Business and Real Estate

Posts Tagged ‘General insurance’

The insurance industry has asked the government to realize its plan to use data prepared by the Central Management Board of the National Insurance Data (BPPDAN). BPPDAN data application can reduce the loss ratio reinsurance companies.
BPPDAN is an institution that manages the statistics of fire insurance. This body was established by the Decree of the Indonesian Insurance Council is now called the Federation of Indonesian Insurance Associations (FAPI).
The main function of this institution is to collect various statistical information. BPPDAN published data contains detailed information on the industry received a total coverage for every type of building, the claims ratio, until the development of the claim under the underwriting year.

Currently, the property insurance premium rates are considered not reflect a fair price. If the tariff calculation reflects a reasonable cost, large tariff could rise three times more than current rates. The applicable rate for the current building average of about 1.5 per mil. Actually, added Kocu, General Insurance Association of Indonesia (AAUI) once made a reference rate of the property in 2001 and 2002. However, these reference prices are also not utilized. Read the rest of this entry »

You should do when buying a home using a mortgage loan mortgage alias. Well, that did not reach the difficulty many times when disaster strikes in the middle of the road, you must pay mortgage insurance fees at the earliest. Thus, in the middle of the road if you die, the ideal occupancy remains family owned. That’s because insurers will pay off the rest of your loan at the bank. Well, insurance will protect us from disasters like what? Also, how large should nan premiums paid to insurance companies? Answering these questions, let us see the explanation below.

1. Broadly speaking, there are some nan insurance forms required by the banks to mortgage borrowers. That among other life insurance and general insurance / fire. As we have mentioned in early writings, with life insurance, failed to pay due to the risk of death during the period of repayment, will be covered by insurance companies. Large value of the insurance company paid in accordance with the total remaining installments. As for life insurance / house fires to protect the debtor from severe accidents such as fires. If the house is on fire, the insurance company undoubtedly menggerojokkan redevelopment costs. Similarly, if the house was defective because of severe natural disasters such as floods.

2. What is the value of premiums paid by the debtor must nan mortgages to insurance companies? Here, in brief, it can be said that these values range from 1% to 2% of the credit ceiling. For instance, when a person get a loan amounting to Rp80 million to Rp100 million worth of homes, he disemati insurance costs amounting to Rp800.000 to Rp1, 6 million (1% to 2% of the credit limit). A number of insurance companies that had weighed in determining the value of life insurance premiums. Among others, the age of debtors; increasingly older age borrower, the greater the value premium. Another thing that is the credit period; increasingly long term, the greater the value premium. Read the rest of this entry »