Social Business and Real Estate

Posts Tagged ‘natural disasters’

Many people are aware that the federal government provides disaster insurance for homeowners in the form of soft loans. This disaster insurance to exclude coverage for damage to a home because of flooding. Why do so even with flood insurance problems? The simple answer is because it is a much better and more complete coverage in the event is a disaster. The following reasons explain why this is the case.

1) The process of collecting a claim is much easier with flood insurance. flood coverage pays immediately. You have to wait months for the insurance of catastrophe. Second, the process of obtaining coverage in the event of a disaster is a long and tedious, filled with a lot of paperwork.

2) flood insurance covers damage caused by surface runoff and heavy rains. Disaster coverage does not work. For disaster insurance to cover these things, natural disasters must be declared by the governor or president. 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 »

Holcim, and ZII offer protection to houses built through the program Solution house. The protection provided covers a range of damage caused by such natural disasters, fires, explosions, and so forth. Even if there is a third party whose home has experienced damage, such as neighbors, will also be given protection for USD 25 million.

“Property insurance our partnership with Holcim is provided free of charge in the first year. In subsequent years, the premiums charged to be relatively cheap,” said President and CEO of Zurich Indonesia, Sancoyo its building.

For homes with a value of USD 50 million building, he pointed out, will be charged a premium of USD 75 000 each year. ZII dare to give this as cheap premiums, Sancoyo said, because the Holcim dare to guarantee that the materials and construction processes are carried out, for the houses on the Home Solution program, have a good quality.  Read the rest of this entry »