Types of Disaster Insurance Available
Indonesia offers various insurance products that can protect property and assets from natural disaster risks. Standard property insurance often does not cover damage from earthquakes, tsunamis, or volcanic eruptions, so additional insurance or special riders are required. Major insurance companies like Indonesia Insurance Company (AJI) and Indonesia Loss Insurance (AKI) offer specialized products for earthquake and other natural disaster risks.
When choosing disaster insurance, consider factors such as: (1) the types of risks you want to cover (earthquakes, tsunamis, volcanic eruptions), (2) the location of your property and the risk profile of that area, (3) the property value you need to insure, and (4) the annual premium you can afford. It is important to read the terms and conditions carefully to understand exclusions, claim limits, and claims procedures.
For businesses in high-risk areas such as Jakarta, Yogyakarta, or Aceh, disaster insurance is an important investment. Insurance not only protects physical assets but also ensures business continuity after a disaster occurs. Consult with a professional insurance broker to obtain an insurance package tailored to your specific needs.