Civil Engineering Completed Risks - Alternative Principal

Scope of Cover
Provides protection against loss or damage to completed civil engineering structures. Such loss or damage must have been caused by Acts of God, Impact of vehicles, vessels and aircrafts and vandalism.

Insured
The Owner, Developer, Government, Concessionaire and Financial Institutions.

Items Insured
All types of civil structures such as bridges, runways, roads, reservoirs and jetties. This policy can be extended to cover removal of debris and loss of profit.


Sum Insured
New replacement value of the same kind and capacity which includes cost of materials, wages, freight, custom duties and dues. Under-insurance applies if the sum insured does not correspond with the replacement value of the items on the date of loss.


Premium
The premium is calculated at a rate applied to the sum insured and on annual basis. Minimum Premium: RM500.00


Information required for Quotation
Year of construction
Type of structure to be insured
Condition of structure
Maintenance schedule
Claims experience
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  181k v. 1 Dec 27, 2010, 5:31 AM Simon Poon
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