Corporate Insurance

Fire & Property Insurance

Through the Fire & Property Insurance product, Tugu Insurance provides protection for your assets, buildings, and what’s inside. You’ll be able to live safely and comfortably without any worries.

Fire and Property Insurance

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With more than a quarter of a century experience as a trusted insurance company, we cover damage or loss of property that you own with fire & property insurance protection. To find out more information complete information regarding fire & property insurance that is right for your needs, please contact us.

What kinds of guarantee do we provide?

  • Primary Assurances
    • Fire
    • Lightning
    • Explosion
    • Airplane crash
    • Smoke
  • Additional Assurances
    • Typhoons, hurricanes, floods, and water damages

    • Riots, strikes, unpleasant acts

What types of risk that are not guaranteed?

  • Excluded Risks
    • Theft and/or loss during and after the event guaranteed by the insurance Policy;
    • Deliberation of the Insured, representative of the Insured, or other parties at the instruction of the Insured;
    • Intentions of other parties with the knowledge of the Insured;
    • Deliberate mistakes or omissions by the Insured or the representative of the Insured;
    • Fires of the forest, bush, reed, or peat;
    • All kinds of explosives;
    • Nuclear reaction;
    • All forms of business disruptions.
  • Excluded Objects and Interests
    • The spread of fire or heat that arises on its own or because of the nature of the goods themselves;
    • A short-circuit that occurs in a unit of electrical or electronic equipment;
    • Goods belonging to other parties which are stored and/or deposited;
    • Motorized vehicles, heavy equipment vehicles, locomotives, aircraft, ships;
    • Precious metals, jewelry, or precious stones;
    • Antiques or arts;
    • All kinds of texts, plans, drawings, or designs;
    • Stocks, bonds, shares, or all kinds of securities;
    • Computer software, magnetic cards, chips;
    • Foundation, underground building, fence;
    • Wood trees, plants, animals;
    • Parks, lands, waterways, roads.

Further information about excluded risks is as stated in the policy provisions.

Who Can Use This Fire & Property Insurance Product?

  • Personal/individual owner of the building and/or its contents
  • Building company and/or its contents
  • Banks or other financial institutions

The insurance premium rates have been adjusted to the provisions of the Financial Service Authority Circular Letter Number 6/SEOJK.05/2017.