Money Insurance

Pays/indemnifies the insured against the loss of money by forcible, violent, external and visible means such as burglary, armed hold-up actually occurring during the period of insurance stated in the schedule whilst in premises, transit and/or strong room or on counter or a limited amount as stated in the schedule on the body of the insured or the body of the named employee of the insured.

Required information

  • Estimated annual carrying
  • Transit limits
  • Premises limits
  • Methods of storage of money
  • Methods of transportation of money
  • Number and designations of people handling cash
  • Claim history
  • Details of escort service.

Exclusions

  • Fraud/ddishonesty by employee
  • Loss due to clerical or accounting errors
  • Loss occurring outside geographical scope.
  • Falsification of books.