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  • 19th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

PROJECT INSURANCE

CAR & WC

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We have served more than a thousand projects including Mega Projects and Top Ten Developers in Malaysia

We Source, Review & Compare On Your Behalf.
Getting the Best to You !!!

8 Benefits dealing with Dindings Corporate Insurance Agency (DCIA)

COSTS SAVINGS

Better position to negotiate for the best premium rate.

BETTER COVERAGE TERMS

Seek better coverage terms, such as waivers, lower excess clauses and etc.

EXPEDITION OF CLAIMS SETTLEMENT

All claims’ cases are attended to immediately and settled within a reasonable timeline.

FAIR CLAIMS COMPENSATION

Your interests are always our priority, always seek a fair claim compensation.

COMPLEMENT YOUR INSURANCE TECHNICAL KNOWLEDGE

Support and compliment you in insurance technical knowledge.

REDUCE YOUR ADMINISTRATION TIMES

Take over your role of sourcing, comparison, and selection of the best proposal.

ASSESSMENT OF INSURANCE REQUIREMENTS

Re-evaluate your insurance requirements for the right and adequate coverage.

NO WASTAGE ON PREMIUM COSTS

There will be no wastage of resources in premium payment for unnecessary coverages.

Claims Story #11CONTRACTOR ALL RISK (THEFT) – TOTAL LOSSES OF RM150,000++

The Story

The Theft happened at a newly completed Sewerage Treatment Plant. Stolen equipment included blowers, elm motors, gear motor, control panels, lightning arrestor, copper wiring etc.

The Claims

The reported total losses were RM150,000++.

Claim Outcome

Claim approved within 45 days with final offer of RM117,000++.
Adjuster findings, the installed equipment was heavy and large, and the theft incident may not be happening in one (1) day.  It could be 2 incidents or more.

Lesson Learnt

How to have a speedy claim approval even with substantial claim amount?

The Insured’s role: –

  • Fast action of notification;
  • Full corporation with Adjuster;
  • Submission of Claim Form & required documentation without delay.

The Agent’s duty: –

  • Professional advice;
  • Closely monitoring & following-up the claim process;
  • A Star Club Qualifier by having the “Fast Track Claim” privilege treatment from insurance company.
  • Strong relationship with insurance company.

Claims Story #14STOLEN CABLE IN PROJECT SITE

The Story

A M&E Contractor reported a cable theft claim in a project site where the installed cable had been cut and stolen in all 15 floors inside the building.

The Claims

The estimated losses amounting to RM600k++.

Claim Outcome

Adjuster findings: –

  • With the substantial size per floor and 10 feet ceiling height, it needs 2 or more manpower to cut the cable.
  • It is also impossible to cut the all cables within one night for all floors (i.e. total of fifteen (15)).
  • Therefore, in the conclusion that the incident could be happened more than one night.
  • Poor in project management, only came to know after it happened to so many floors. Lacking of monitoring and checking on the side progress daily.
  • The efficiency of the security guards on duty also questionable.

The claim was approved based on the assumption that the incident happened over 15 days period i.e. one night per floor, which they applied 15 times excess deduction. The final claim amount was RM425k++

Lesson Learnt

  • A professional Agent that always prepared to help the insured/ claimant especially when there is a claim arises.
  • It is the duty of the Agent to negotiate for a timely and fair claim settlement.
  • Lacking in project management skill, may cause the unnecessary damages such as project costs overrun or losses, and delay in completion.

The Adjuster also proposed the “Risk Improvement”: –

“There is a MUST for the Project Manage or Site Supervisor to conduct daily checking to all floors, and make sure the site conditions are in order before going off.”

What they sayTESTIMONIALS

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Dindings Corporate Insurance Agency (DCIA)
19th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur.

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