PERILS/RISK COVERED
Loss of money occasioned by robbery or theft whilst in transit, in securely locked safe, on the premises and while in personal custody of a designated or named officer.
PERILS/RISK NOT COVERED
  • Loss by theft committed by the insured’s employee or with their connivance
  • Opening of the safe by key unless the key has been obtained by force or violence
  • Damage to Safe, cash-on-premises, cash-in-personal custody
  • Riot, Strike & Civil commotion
  • Earthquake, flood, Tornado or other connection of nature
  • War or war like operation
  • Shortage due to error of omission
  • What we can offer…
  • At a cost/Extra Premium
 
Risk
  • Riot, Strike & Civil Commotion –10% Loading on Premium
  • Risk of Hold-up –10% Loading on premium
  • The first premium on Cash-in-Transit is provisional and the insured must keep record of actual money in transit during the period of insurance and same must be declared within 30 days of expiry of the policy
  • Records of all cash kept in the safe must be kept in some secured place other than the said safe
  • OTHER IMPORTANT CONDITIONS
  • The first premium on Cash-in-Transit is provisional and the insured must keep record of actual money in transit during the period of insurance and same must be declared within 30 days of expiry of the policy
  • Records of all cash kept in the safe must be kept in some secured place other than the said safe