Block wise risk evaluation

Prepared By Jinu Philip

Risk

• Risk is future uncertainty which is exposed to losing of invested value.

• insurance is treatment of risk Risk evaluationIs assessing probability that how much will be

danger create by that risk.

Why Risk Evaluation

04/15/2023

Block wise risk evaluation

• It means If the is more then one building (and content)are insured under a single policy, block wisevalues shall be furnished in respect of Building,Plant & Machinery, Stocks and other contents.

A B

• At the beginning of a fire policy ,risk assessment take place by surveyors • In this

Evaluation of perils are done for the purpose of fixing premium of the policy

• The above shown machines are there in block A and B. Now surveyors will check weather there machines expose to any danger or not.

• If there they expose to danger then premium will be high

Cause of fire

Cause of fire

Cause of Damage

Cause of fire

Fire extinguishing

• In block wise risk evaluation discounts are also given.

If there is sprinklers system install there is 5% discount.

• Hand appliances & Hydrant system – 5%• Hand appliance + Hydrant system &

sprinklers/ fixed water spry system – 10%

Fire extinguishing

Thank You