Total claims to be covered by general insurance companies related to the earthquake that hit West Sumatra are estimated exceeds U.S. $ 40 million or equivalent to Rp 400 billion.

President Director of PT Asuransi Maipark, Frans Sahusilawale bring it in a press conference in his office, Kuningan, Jakarta, Wednesday (7 / 10). “Total claims currently we calculate the amount, but estimates greater than the earthquake in Jogjakarta which reached U.S. $ 40 million,” he said.

Maipark who is collecting insurance premiums from the company’s earthquake insurance for earthquakes recorded at 7.6 SR 6.6 SR Padang and Jambi’s happening in the last week can be covered by the general insurance companies up to Rp 9.4 trillion. The quake destroyed thousands of buildings in both provinces, in addition claimed hundreds of lives. “Risks are insured in West Sumatra consists of 3830 buildings with a total insured amount of Rp 9.4 trillion,” he explained.

A total of 90 general insurance companies in Indonesia, Frans information, the average play in all this earthquake insurance. “So we can record the amount of coverage values,” he said.
In the meantime, Frans suggests loss of the second estimate of the earthquake reached Rp 1.3 trillion, but not all insured.

Frans said the country’s insurance companies began to do research to assess the damages and based on field monitoring, economic losses, especially in Padang big enough.
Meanwhile, in the same place, the Chairman of the General Insurance Association (AAUI), Kornelius Simanjuntak said that I have found no data of insured buildings in Indonesia. “Consequently, any loss or partial loss of research and assessment needs,” he explained.

Cornelius added, especially for claims, will be paid in advance using the interim payment after the total loss is known and within a period of 2-4 months can be paid.
He also appealed to the insured to maintain the insured property in order not to cause more severe losses. “Also expected to work with insurance claims officer or a loss adjuster to the investigation officers carried out repairs can begin,” he said.

Further, Cornelius said, caused by the earthquake which occurred usually user market share will increase in earthquake insurance.
“Similarly, some time ago due to terrorist sabotage, political risk related insurance also increase demand,” he said.

Cornelius also said the government should require mandatory insurance programs so that losses are not taken from the state budget.

Jamsostek USD 24 Billion
While PT Workers Social Security (Social Security) spend Rp 24 billion to cover claims of the affected participants earthquake disaster in the Valley. “We prepared a fund of Rp 24 billion for Social Security participants affected by earthquake in Padang,” said Director Jamsostek , Hotbonar Sinaga in Jakarta, yesterday.

Hotbonar said the quake victims who have recorded as many as 62 participants of Social Security. “We estimate there are about 200 people in Padang, both central and regional level,” he explained.
For details of the claim fund, said the claims Hotbonar calculated based on average salary. “If the average salary per person for USD 2.5 per month, based on the laws and regulations for claims paid 48 months salary. So if calculated, USD 2.5 million multiplied by 48 months of 180 million per person, if there are 200 people so much about Rp 24 billion, “explained Hotbonar.

Originally posted 2009-10-10 20:55:58. Republished by Blog Post Promoter