Do you need building and building insurance?

Do you need building and building insurance?
Do you need building and building insurance? – Don’t take ownership of building and construction insurance lightly. This insurance is not only for homeowners but also for those who have buildings like warehouses, halls, shophouses, boarding houses and more.

This includes corporations that already have their own office buildings and are required to have property insurance. Considering the large number of insurance companies, it is not difficult for you to find which one is the most qualified and responsible. For those who are still unsure about this insurance, you should know the important reasons to have it.

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5 reasons why construction and construction insurance are important

A building, be it a house or any building, is an asset that deserves the utmost protection. So after life insurance you should have building and construction insurance.

There are several strong reasons why you should have it right away without delay. Especially if you own a building whose area is prone to natural disasters and causes loss of business. Here are a series of reasons that should help.

Provides protection from fire

A still frequent occurrence is building fire. Whether caused by human negligence or not, fire is a very harmful thing. Especially if the burning building is where you run your business.

If you have insurance, you will receive direct reimbursement based on your coverage. There is insurance that only covers construction and construction compensation, but there is complete insurance and its contents.

Building and building insurance The property should be in the center of the city and exposed to short circuit. It may also be because your business deals with flammable goods, such as lumber yards, paper mills, or chemical manufacturers.

Provides protection against theft

New fires are one of the possible dangers. There is also loss due to theft. Offices and factories are being targeted, not just luxury homes, but many expensive devices that can be stolen.

The property you keep in this office or factory must be protected. At least the loss caused by this crime is not that much and the business can still run smoothly.

Property protection in buildings and buildings is usually found in this type of insurance All danger. Same with home insurance All danger But according to the value of the property placed in it, the premium price may increase.

Get protection from natural disasters

You may have chosen a building or buildings away from the city and other dangers. However, no one knows when disaster will strike. A natural disaster such as an earthquake or hurricane may occur where your buildings and structures are located.

It is difficult to predict the damage caused by natural disasters and you can lose everything in an instant. Building and construction insurance is a solution to damages caused by natural disasters.

At least you still have capital from the compensation money available to repair or rebuild damaged buildings and structures. That way, paying off the expenses can feel easier than starting over from scratch.

Receiving protection from development

There is also a type of building and construction insurance called insurance. Engineering. This type of insurance is used to protect large development projects such as factory buildings, multi-storey buildings or large developments.

Implementing this large-scale development requires safeguards to keep the process safe. From the installation of machines, power plants and other risks that affect the project process. This way you can feel safe and get compensation if something goes wrong.

For example, you are a real estate developer, get insurance Engineering This helps to keep the ongoing business safe. It also creates security for home buyers.

Property investment value will be safe.

Currently, property investment in Indonesia is very profitable. But if it is not accompanied by the treatment, if one is using insurance, the price can be reduced. It is different if you already have building and construction insurance.

The value of owned properties will certainly fall, but at least you will be helped by having this insurance. For example, if there has been a fire in your boarding business before. The compensation paid from the insurance will fix the building.

Later, after the repair is completed, you can sell it at a higher price. So when you want to resell properties, you won’t suffer damage to your reputation. As well as other events affecting the condition of buildings or structures.

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Tips on getting the right property insurance

Considering that there are many insurance companies with different property insurance products, you should choose more carefully. Which one is right for you can be chosen with a few simple tips.

Customize insurance with your protection needs. For example, if you own a wood warehouse, it would be safer to choose the type of warehouse fire insurance because fire is the biggest risk that can happen. It’s different if you’re a homeowner, and insurance is fine. All danger It will be more suitable.

Obtained cover price

Knowing how much compensation you will receive in the event of an accident is the most important thing. At least this compensation can cover your losses regardless of the insurance you choose.

Adjust the premium according to the ability

The last is to choose the insurance premium according to the ability. Especially if you are a business owner, this premium should be adjusted to the company’s practices. Before you decide on insurance, make sure you calculate twice.

Help to find Property insurance The right one, you can trust Here you will easily find which insurance company and premium to pay. has a complete and available insurance partner in Indonesia.

So you can get the right insurance based on the location, construction function, property value. You can submit building and construction insurance claims directly through makes it easy for you to find all types of insurance. Let’s check now!


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Price building insurance

The cost of building insurance can vary significantly depending on several factors, including:

  1. Location: The geographical location of the building plays a significant role in determining insurance premiums. Buildings located in areas prone to natural disasters, such as floods, earthquakes, or hurricanes, may have higher insurance costs.

  2. Replacement Value: The value of the building itself and any attached structures will impact the insurance price. Higher replacement value means higher premiums.

  3. Construction Type: The materials used in the construction of the building can influence the insurance cost. Buildings made of fire-resistant materials may have lower premiums compared to those made of flammable materials.

  4. Building Use: The purpose for which the building is used can affect insurance pricing. Commercial buildings may have different insurance requirements and higher premiums compared to residential properties.

  5. Security Measures: The presence of security systems, such as fire alarms, sprinklers, and security cameras, can lead to lower insurance costs.

  6. Claims History: The building’s claims history and the frequency of previous insurance claims can impact future insurance rates.

  7. Deductible: The deductible is the amount the policyholder must pay out of pocket before the insurance coverage kicks in. A higher deductible usually leads to lower premiums.

  8. Insurance Coverage and Add-ons: The level of coverage and any additional add-ons or endorsements, such as flood insurance or earthquake coverage, will affect the overall insurance cost.

To get an accurate price for building insurance, it’s best to reach out to insurance providers directly. They will assess the specific details of the building and your insurance needs to provide a personalized quote. It’s also a good idea to obtain quotes from multiple insurers to compare coverage options and find the best policy that suits your requirements and budget.

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