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Govt to expand insurance of state properties
The Finance Ministry plans to expand insurance coverage on state properties to include infrastructure, labs, vehicles and dormitories, beyond just office buildings, schools and healthcare facilities.
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The Finance Ministry, whose building in Jakarta is pictured above, plans to expand insurance coverage on state properties to include infrastructure, labs, vehicles and dormitories, instead of just office buildings, schools and healthcare facilities. (Courtesy of Finance Ministry/-)
T
he government has announced that it plans to insure more state-owned properties, expanding the coverage beyond healthcare facilities, office buildings and schools.
As of August, the state had insured 4,334 assets with a coverage value of Rp 32.41 trillion (US$2.28 billion), Finance Ministry data show. The insurance premiums for these assets, which are owned by 51 government agencies and ministries, total Rp 49.2 billion.
“This year, we are focusing on office buildings, healthcare facilities and schools,” said Encep Sudarwan, director of state property at the ministry’s State Assets Directorate General, at a press conference on Friday.
“Next year, we [will focus on] dormitories, labs, infrastructure and vehicles. The government agencies and ministries are really expecting vehicles [to be covered].”
The assets of 33 government agencies and ministries still remain uninsured, according to Encep. In total, there are 58,038 office buildings worth Rp 128.4 trillion, 5,549 healthcare facilities worth Rp 17.6 trillion and 38,193 schools worth Rp 41.6 trillion.
The coverage includes damage to state properties caused by disasters. Over the last 15 years, natural disasters led to direct annual losses amounting to Rp 20 trillion, according to last year’s estimate from the Finance Ministry.
Read also: Govt launches natural disaster fund
