The Money Insurance policy can cover loss of money in transit caused by robbery, theft, or any fortuitous event; loss of money from the Insured’s premises during business hours caused by theft or robbery; and loss of money from the insured’s safe or strong room caused by theft or robbery.
Scope of Cover
All Risk cover for money i.e. Cash, Prize Bonds, Foreign Currency, etc .either in transit or held at specified premises of the Insured due to armed hold-ups, burglary ,house breaking.
The Policy can be extended to cover:
- Accidental injury to employees of the Insured who are injured during a hold up.
- The cash whilst on counter, drawer or in almirah -during office hours.