Electronic Equipment Insurance

QUOTATION SLIP

No.  ________(New/Renewal)

TYPE	:	ELECTRONIC EQUIPMENT INSURANCE
WORDING	:	Munich – Re Wording + RSMDCC + Clauses
INSURED	:	Type 1 PT. ________________ and/or Affiliated Co. and/or Associated Co. and/or f.t.r.r.i                           Atau PT. ________________ QQ PT. / Mr. _________and/or Affiliated Co. and/or Associated Co. and/or f.t.r.r.i Type 2 – Manufacturing Industry q _________________ and/or All subsidiary and/or Affiliated Co. and/or Associated Co. and/or Corporations as now exist or may hereafter be constituted or acquired including their interests as may appear in Partnership or Joint Ventures for their respective rights and interest and in addition, Financial institutions which hold or may hold vested interest in the Property Insured for their respective rights and interests. Type 3 – Office Building q _________________ as the first Owner of the Insured and/or as the Consultant of the Building Manager and/or its subsidiaries companies and/or any purchaser of any individual unit (s) of the insured property or its Lawful Equivalent for their respective rights and interest.
ADDRESS	:	TBA
PERIOD	:	12 (twelve months from the date to be advised) at 12.00 noon local time
LOCATION OF RISK	:	TBA
OCCUPATION	:	Television Networking and/or any other activities related thereto.
INTEREST INSURED	:

I.         On Electronic Equipment including but not limited to computer system records and software and all equipment installed therein at all plants and/or equipment utensil tools spare part electrical appliances electronic equipment transmission towers satellites receivers antenna station equipment generators UPS transmission lines/cable TVs Radios amplifiers VCR studio equipment cameras editing dubbing & Q/C equipment and/or its supporting and protective structures and its installation belonging to the Insured and located within the Insured premises. (as per list attached)

SUM INSURED                                                                                            USD.                TBA

II.        On Portable Equipment / moveable equipment

(moveable anyplace/anywhere in the world including during transportation risk)

SUM INSURED                                                                                            USD.                  TBA

TOTAL SUM INSURED                                                                                    USD.             TBA

COVER	:	All Risk for any loss and/or damage to the Insured property from any caused except as hereinafter excluded. Notwithstanding of anything in the printed condition this Policy is extended to include the following coverage: Ä  Loss or damage caused by Strike, Riots, Locked out Workers, Malicious Act and Looting, Civil Commotion. Ä  Loss or Damage caused by Earthquake, Volcanic Eruption, Tsunami, Hurricane, Cyclone or typhoon. Ä  Theft and Damage done by thieves. Ä  Water Damage, Flood. Ä  Electrical and Mechanical Breakdown. Ä  Fire, Lightning, Aircraft Impact and Explosion. Ä  Endorsement 504 for Interest Insured II cover of mobile and portable equipment outside the premises.
FLAT DEDUCTIBLE	:	USD. ______ for any one loss or series of losses arising out of the same event.

MAIN EXCLUSIONS :

+        Consequential Loss

+        Any cost incurred in connection with the maintenance of the Insured items (wear and tear)

+        Loss or damage caused by any faults or defect existing prior to the commencement of this Policy within the knowledge of the Insured or his representatives, whether such faults or defect were known to the Insurer(s), or not

EXTENSION CLAUSES :

1.       30 (Thirty) Days Cancellation Notice Clause

2.       72 (Seventy Two) Hours Clause

3.       Automatic Addition and Deletion Clause

4.       Average Relief Clause (80%)

5.       Banker’s Clause

6.       Breach of Warranty Clause

7.       Capital Addition Clause

8.       Cover in respect of Loss of Rental for Leased Electronic Data Processing (EDP) Equipment Clause

9.       Cover for Full Replacement Value Clause

10.    Cover of Mobile and Portable Equipment Outside the Premises Clause

11.    Cover for Hurricane, Cyclone and Typhoon Clause

12.    Cover for Theft Clause

13.    Cover of Valves & Tubes Clause

14.    Electronic Date Recognition Clause (Y2K Exclusion Clause)

15.    Electrical Service Interruption Extension

16.    Expediting Expenses Clause

17.    Extension of Territory for Interest Insured II

 “Notwithstanding of anything in the printed condition, it is agreed and understood that, the territorial area application for Insurance cover is extended to include World-Wide Territorial.”

18.    First Loss Under Insurance Clause

19.    Indonesian Jurisdiction Clause

20.    Loss Notification Clause (30 Days)

21.    Mobile use outside of the Insured location (items in aircraft) for Interest Insured II.

“Notwithstanding of anything in the printed condition, it is agreed and understood that, the Insurer will indemnify the Insured for loss of, or damage to :

a.       Electronic Equipment if it was installed in the aircraft.

b.       The Insured location is in the aircraft 

c.        If insured items are installed in different aircraft, provided that, the Insured shall notify the Insurer immediately of this alterations.

d.       The Insurers shall not be liable for loss or damage which has been covered under an Aircraft Hull Insurance Policy”

22.    Mobile use outside of the Insured location (items in vehicle) for Interest Insured II.

“Notwithstanding of anything in the printed condition, it is agreed and understood that, the Insurer will indemnify the Insured for loss of, or damage to :

a.       Electronic Equipment if it was installed in, or on top of vehicle or trailer having a hardtop roof and is moved within the territorial boundaries as covered in the Policy

b.       The Insurers shall only be liable to pay for loss through theft or burglary if the vehicle was properly locked after having been parked.”

23.    Mobile use outside of the Insured location (items in water borne vessels) for Interest Insured II.

“Notwithstanding of anything in the printed condition, it is agreed and understood that, the Insurer will indemnify the Insured for loss of, or damage to :

a.       Electronic Equipment if it was installed in or a waterborne vessel.

b.       The Insured location shall be the waterborne vessel 

c.        If insured item are transferred over to another waterborne vessel, provided that, the Insured shall notify the Insurer immediately of this alterations.

d.       The Insurers shall be liable for loss or damage caused by mines, torpedos or similar.

24.    New Location Clause (berlaku untuk penutupan outlet atau showroom lebih dari satu)

25.    Nominated Loss Adjusters Clause

26.    Overtime, Night work, Work on Public Holidays and Express Freight Clause

27.    Payment on Account Clause

28.    Portable Equipment (loss through dropping) for Interest Insured II.

“In the event of loss where portable insured items were damaged through dropping, the insured’s deductible will be IDR. 1.000.000,00 of the indemnifiable loss.”

29.    Portable Equipment (loss through Theft) for Interest Insured II.

“Notwithstanding of anything in the printed condition, it is agreed and understood that, the Insurer will indemnify the Insured for loss of, or damage to :

a.    Portable electronic equipment if used outside the insured location.

b.    In the event of loss through burglary and/or theft, the insured deductible will be IDR. 1.000.000,00 of the indemnifiable loss

c.     If the insured item was (burglary/theft) out of vehicle, the Insurer shall only be liable to pay indemnity if :

Ä  The vehicle had hardtop roof.

Ä  The vehicle item was stored inside where it was not visible from outside e. g. the car boot.”

30.    Reinstatement Value Clause.

31.    Removal of Debris Clause

32.    Riots, Strikes, Malicious Damage End As per Munich Re Wording Code 4.1 A + CC

33.    Special Condition concerning Waiver of Subrogation Clause

34.    Special Condition Concerning Obsolete Equipment Clause

35.    Special Condition Concerning X - Rays Films Clause

36.    Special Conditions concerning Electronic Data Processing EDP) Equipment Insured in Connection with a Hire Loss and/or Lease contract Clause

37.    Temporary storage/discontinuation of the working risk for Interest Insured II.

“Notwithstanding with anything in the printed condition, it is agreed and understood that, subject to the terms, The Insurer will indemnify the Insured for Loss of, or damage to electronic equipment during a temporary period of non use or storage, provided that, The Insured shall notify the Insurer immediately of this alterations.”

38.    Waiver of the right of the resource (with exception of representative)

“Notwithstanding with anything in the printed condition, it is agreed and understood that, the Insurer will only seek resource against the Insured’s personnel or other authorized users of the Insured item (not repair companies or service and maintenance firm) if :

Ä  Loss or damage was directly caused these persons following a willful act or gross negligence, or if

Ä  Indemnification for loss or damage may be claimed from a Third Party Liability Insurance

COMBINED  ANNUAL RATE :    _____ %

PREMIUM COMPUTATION :

USD./IDR _____________   x    ___%  =  USD./IDR _______

SECURITY : 

Jakarta, ____________, 2006

Signed in and on behalf of                                                            AGREED AND ACCEPTED BY,