| Abstract |
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This research aims, firstly, to know and analyze reasons of banking institutions as creditors choose fire insurance for object mortgage, and to know whether creditor has been protected or not by fire insurance, and finally to know and analyze the suitable type of insurance for object mortgage based on its locations. This research was targeted for banking institutions as creditors of housing consumer loan and debtors as recipient or beneficiary of the loan.
The method of this research is juridical and empirical method through field research and library research. Field research is conducted in four areas of Yogyakarta Special Province which are in City of Yogyakarta, Sleman Regency, Bantul Regency, and Kulon Progo Regency. The technique of research sample is purposive sampling. The primary data were collected by interviewing respondents and resource person creditors, and also by distributing questioners to respondents debtors. The data were analyzed by qualitative method.
Based on the research, it is shown that bank creditors choose fire insurance because in fire event, which happen to houses as object mortgage, there is a bigger risk for the banks to loose object mortgage and to loose opportunity to have repayment by the debtors, so that by taking fire insurance banks want to secure its assets. In addition to that, event of fire is frequently happen because of various causes. Secondly, although in related location event of fire never happen, but by comparing to other locations and other event of risks, banks have already been protected by fire insurance. This is because the insurance company as insurer always payed the claim as submitted by the banks with relatively simple procedure. Finally, type of insurance chosen by the banks depends on location of the housing or residences, so debtor may add other type of insurance such as insurance concerning natural disasters with additional premium. |
