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Showing posts with the label underwriter

Exempted risk.

In vehicle responsibility, exempted to be risk to be classified in general exemption, fundamental, and special beside own risk.

General exemption.

Underwriter don't compensate to the:
(1) Loss of company of transportation, losing of fee ( rent), the decreasing of assess the motor vehicle, and loss of other finance which suffered by the insured because of insured motor vehicle cannot be used and befallen by accounted by risk of policy.
For example a public bus which insured, at one time slipped or inverse so that experience of partial loss. During improve and repairing damage of that public bus, the owner losing of the rent ought to be obtained, if the bus has not of accident. Losing of that rent don't accounted by the underwriter. Everything changed by underwriter only expense improves and repairs that bus. After improve and repaired, that vehicle value decline. Loss of him declining assess vehicle is not changed by underwriter even if decline him assess vehicle because of accoun…

The accounted by risk

The accounted by risk of motor vehicle insurance policy cover by alliance risk, law responsibility, and additional risk.
Alliance risk
The alliance risk in guarantying at the same time by insurance policy cover:
(1) The burning generated by thunder, fire, or bad intention.
(2) Resulted from by damage of accident, that is collision, detonation, slipped, collision, inversed, etc or resulted from by the bad intention of others (accept the people including family or put hand to the insured) that happened in land.
(3) Theft or loss of equipments of motor vehicle standard or theft as a whole, including preceded theft, fiber, followed by force or hardness threat with a purpose to facilitate theft.
Special for the motor vehicle of wheel of two or three, the concerned is theft of vehicle as a whole.
(4) The damage resulted be like at term (2) that happened during on board ferry or appliance crossing of reserved for opening of road; street traffic
(5) Expense of expense to take care of and …