Money Policy

Money-Policy

Money Policy

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