Cash Insurance
This is a cover for the loss of your money whilst in transit and whilst in the premises. Whether you’re on your way to deposit your cash in the bank or prefer to keep it at your business premise, cash insurance could save you from unexpected financial loss in an event or robbery or theft. Our cash insurance covers “money” carried by the insured or authorized employee/messenger while in transit or held in premises. Money retained in a safe is also covered. Money includes cash, bank drafts, currency notes, treasury notes, cheques, postal orders, and current postage of stamps.
Scope of cover:
Loss of money in transit by the insured or authorized employee/messenger occasioned by robbery, theft, or any other fortuitous cause.
Loss of money in safe by burglary, housebreaking, robbery, or hold-up, provided that the limit of the company’s liability for any one loss shall in no case exceed the amount specified against any respective section in the said schedule to the policy.
Loss of money during and after working hours
Damage to safety
Loss of money in the custody of an authorized employee.
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