Did You Know? - Claim Procedure Industrial All Risk Insurance Policy

Your Industrial All Risk Insurance Policy provides coverage for all sums which the Insured shall become legally obligated to pay as damages because of sudden and unforeseen events or interference with in consequences of loss destruction or damage indemnifiable under Section I.

This article will highlight one of the claim procedures of the Industrial All Risk Insurance Policy in section 7.3, which states that:

“The Insured shall not be entitled to abandon any property to the Insurers whether taken possession of by the Insurers or not.”

Referring to this provision, please note that you need to store and safeguard the damaged items in the safest and most appropriate place to prevent further damage. This is essential until you receive notification from the insurance company, as your cooperation is required in the investigation process to determine policy liability.

Hopefully, the information above enriches your understanding of the claim procedure for the Industrial All Risk Insurance Policy. For more information about MSIG Indonesia’s insurance products, please visit our official website at www.msig.co.id or call our contact center at 1500 674 (MSI) to find comprehensive information and interactive services.