Burglary Insurance

is an insurance or insurance that provides guarantee or protection for loss or damage to the object of insured as a result of theft, which act of theft must be carried out by another party accompanied by an element of violence against the property or House Breaking

-. What is included in the definition of the Insured:

• The person / party whose name is listed in the policy.

• The Insured's Family (Children, Wife, Siblings etc.)

• People who work for the Insured

• People who are under the supervision of the Insured.

HAZARD IN BURGLARY INSURANCE

Hazard is a condition that is quantitative in nature which can increase or decrease the level of the possibility of a Risk occurring.

Hazard is divided into 2 types of Hazard, namely Moral Hazard and Physical Hazard.
Moral Hazard : is Hazard related to the Human / Insured aspect
Physical Hazard : is the hazard related to aspects of the object of coverage.

Moral Hazard in Burglary Insurance:

1. The insured is insured below the actual price with the intention of seeking profit if the risk occurs.

2. The insured allows the loss to occur, because there is insurance that will provide compensation for the losses incurred.

3. The insured has an easy going character in placing or placing the insured object to attract the attention of others.

Physical Hazard in Burglary Insurance:

1. The form, type and nature of the object of coverage

2. Shape, construction and occupation of the building where the object of coverage is kept.

3. The location and situation in which the building is located.

4. Tools and security features provided

5. Occupancy or Un occupancy of the building where the object of coverage is kept.

6. The attractiveness of the object of the responsibility

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