block wise risk evalution

1. Block wise risk evaluation
Prepared By
Jinu Philip

2. Risk
• Risk is future uncertainty which is exposed to
losing of invested value.
• insurance is treatment of risk
Risk evaluation
Is assessing probability that how much will be
danger create by that risk.

3. Why Risk Evaluation

5. 10/14/2014

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

7. A B

8. • 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

12. • 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

13. Cause of fire

15. Cause of fire

16. Cause of Damage

17. Cause of fire

18. 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%

19. Fire extinguishing

20. Thank You