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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