Block wise risk evalution
- 1. Block wise risk evaluation Prepared By Jinu Philip
- 2. Risk • Risk is future uncertainty which is exposed to losing of invested value. • insurance is treatment of risk Risk evaluation Is assessing probability that how much will be danger create by that risk.
- 5. 10/14/2014
- 6. Block wise risk evaluation • It means If the is more then one building (and content) are insured under a single policy, block wise values shall be furnished in respect of Building, Plant & Machinery, Stocks and other contents.
- 7. A B
- 8. • At the beginning of a fire policy ,risk assessment take place by surveyors • In this Evaluation of perils are done for the purpose of fixing premium of the policy
- 12. • The above shown machines are there in block A and B. Now surveyors will check weather there machines expose to any danger or not. • If there they expose to danger then premium will be high
- 13. Cause of fire
- 15. Cause of fire
- 16. Cause of Damage
- 17. Cause of fire
- 18. Fire extinguishing • In block wise risk evaluation discounts are also given. If there is sprinklers system install there is 5% discount. • Hand appliances & Hydrant system – 5% • Hand appliance + Hydrant system & sprinklers/ fixed water spry system – 10%
- 20. Thank You