This policy provides coverage against loss of Cash, Currency Notes, Coins, Securities for Money, Postal Orders, Stamps, and Cheques etc. whilst in transit enroute to final destination and/or in locked safe. BGIC, to protect the businessmen’s wealth at each level, is facilitating their physical cash transactions under the umbrella of Cash in transit policy. The cash maybe looted, robbed or stolen either during normal business hours or after normal business hours whether the cash is in the transit between the bank and office or any other route, which has been especially mentioned in the policy, at gunpoint or forcibly.
Scope of Cover
- Money in Premises.
- Cost of repair or replacement to the damaged locked safe.
- Monies in the personal custody of the Insured’s authorized employees whilst in direct transit.
- Loss of Cash Secured due to Robbery, theft etc.