. Underwriting Guide MALAYSIA BRITISH ASSURANCE SSE BERHAD Malaysia British Assurance Berhad Head Office: Wisma MBA, 33, Jalan Gereja, P.O. Box 12485 50780 KUALA LUMPUR. Tel: 2300421/2300425 Telex: MBA MA 30888 Cable: MABRITA KUALA LUMPUR Fax: 03-2380260 “it1 7 4. ALL RISKS INSURANCE 41 INTRODUCTION LPL The protection afforded by the policy is very wide and extends to any accident or misfortune not expressly excluded. As this class is very vulnerable to fraudulent claims mora} hazard is very important and cover should only be given for an important business connection. Lm 42 SCOPE Specified items of property against loss or damage by accident or misfortune within the Territorial Limits defined in the policy. 43 DEFINITIONS oo NA femal LP 4.4 PRINCIPAL EXCLUSIONS 4.4.1 Wear & tear, gradual deterioration, any process of cleaning, dyeing, restoring, repairing or renovation. 4.4.2 Mechanical derangement or defects i 443 Scratching or denting 4.4.4 Cracking or breakage of brittle articles. Het 1 4.45 Deeds, bonds, bills of exchange, promissory notes, cheques, money, medals ete. ey 45 EXTENSIONS 4 Riot & Strike { e 4.8 SUM INSURED 4 Property must be insured for its full value, taking into account depreciation, as the policy is subject to average. 22 219) 4-1 O1447 Aza 472 48 48.4 4844 4812 48.1.3 48.14 48.15 48.2 ze SPECIAL ATTENTION - CLAUSES/WARRANTIES For policies covering jewellery aoply Warranted no liability for chipping or cracking . For articles in sets or pairs apply usual set/pair clause. RATING Personal Equipment Singapore & Malaysia — — 2,00%-2.50% Worldwide = 2.75% 3.00% Restricted to Residence or Premises only I 1.50% Where only jewellery or selected valuables are insured = 8% (Refer to Head Office) Mobile Phones = 4%{with MemoA) Excess :AM500/- Office Machines or Equipment located in Rate must not be lower Premises only (excluding any Transit) than Fire rate. Example : Machinery in a Wire and Cable Factory Construction C1A Town Ii (Code 2710) Basic Fire & Lightning (refer RFT) plus full perils 0% Multiplier 85% (to arrive at net Fire Rate) 050% 0.425 % Multiplier by "%/s (to arrive at gross All Risks rate) 0.5666 % Load 15% for Burglary & accidental 0.085 _% 0.65 _% 0.65% is a guide to charge. If possible to charge a higher rate than 0.65% but not lower. 4-2 o1ii94