TOKIO MARINE INSURANS (MALAYSIA) BERHAD (149520-U)

Fire Insurance Quotation Slip

Class of Insurance : Fire

Insured : CARBUDDY MOTORSPORTS (JM0786519-W )

Address : NO.20 JALAN SUSUR KULAI 2, KULAI BESAR, 81000 KULAI, JOHOR

Period of Insurance : Kindly Advise (1 Year)

No.18 & 20 - Car Wash, Vehicle Coating / Tinting / Detailing

Occupation :
No.20A - Warehouse

Construction Class : 1102 C1A

Summary of Cover : To indemnify the Insured on the loss or damage by Fire and/or lightning including the
selected perils.

Interest Insured On All the following properties owned by the Insured or held by them in trust or on
commission as more particularly described but not limited to the following:-
Description Sum Insured
On Stock in Trade Including Those Held In Trust / controlled / RM 35,000.00
in custody or On Commission
On Machinery, Tools, Equipment & Utensils related to RM 25,000.00
Insured's Trade
On office equipment RM 10,000.00
On Renovation, Signage, Business furniture, fixtures & fittings RM 40,000.00
and all other contents.
On Customers' vehicles held in trust / control / in custody RM 650,000.00

Total : RM 760,000.00

Situation of Risk : NO.18, 20 & 20A, JALAN SUSUR KULAI 2, KULAI BESAR, 81000 KULAI, JOHOR

Tariff Rate : Fire & Lightning 0.22900%

Additional Perils : Bursting or Overflowing of Water Tanks, Appraratus or Pipes -

0.00500%
others (not exceeding 5 storeys)
Explosion - Non-Ind. without boilers 0.00500%
Impact Damage (Including Insured's Own Vehicle) 0.00400%
Riot Strike and Malicious Damage - Other than Residential 0.01400%
Properties
Storm, Tempest 0.01500%

Clauses / Endorsements / : Alterations and Repairs Clause

Special Conditions / Appraisement Clause
Warranties Architect's, Surveyor's and Consultant Fees (Without Separate Sum Insured)
Computer Systems Records
Contract Price
Date Recognition
Designation Clause
Internal Removal Clause
Other Contents Clause (RM1,000)
Outbuilding Clause

TMIMPolCode/T: Fire Quotation Slip Page 1 of 2

TOKIO MARINE INSURANS (MALAYSIA) BERHAD (149520-U)

Fire Insurance Quotation Slip

Property Damage Clarification Clause

Reinstatement in Compliance with the Requirement of Public Authorities
Reinstatement Value Clause (Excluding Stock in Trade)
Removal of Debris (Without Separate Sum Insured)
Temporary Removal Clause
Temporary Storage Clause
Vehicle Load Clause

Warranties : Premium Warranty (60 days)

Storage of Hazardous Goods Warranty A

Exclusions : Foundation Exclusion

Radioactive / Nuclear Energy Risks Exclusion Clause
Property Damage / IT Clarification / Cyber Risk Exclusion Clause
Terrorism and following Fire Exclusion Clause
Sanction and Limitation Exclusion Clause
Others as per Policy

Premium Rate : 0.2720%

Annual Premium : RM 2,067.20

GST 6% : RM 124.03
Stamp Duty : RM 10.00
Total Premium : RM 2,201.23 Confirmed Coverage as per Quoted

Deductible : As per Revised Fire Tariff

Conditions of Acceptance
: 1) That between the date of submission made to TMIM and the proposed effective
date of this insurance, there is no claim notified to the insurer and the insured is
not aware of, or does not become aware of any circumstances which may result
in a claim.
2) No material changes in risk between the date of submission made to TMIM and
the proposed effective date of this insurance.
3) TMIM reserves the right to amend the Policy’s terms, conditions, exclusions and
premium if additional information or documentation changes TMIM’s evaluation
of this risk.
4) As per confirmed by client - No spray painting involvement

Date of quote : 28/03/2018 Validity Period : 14 days

Important Notes:
The above is only a brief summary of the policy coverage. It is not intended to replace policy document.
For full details of all Policy Terms, Conditions, Exclusions and Warranties, please refer to actual policy document.
Please review the sum insured to ensure adequacy of sum insured to avoid under insurance and application of Average Condition.

TMIMPolCode/T: Fire Quotation Slip Page 2 of 2