BURGLARY INSURANCE

BURGLARY INSURANCE(BUSINESS PREMISES) :

  • Issued to:- commercial estblishment, factories, goodowns and shops etc.
  • Subject matter:- property in any form including cash in the business premises.
  • Sum insured:- policy must repersent full value of the property covered.

BURGLARY INSURANCE SCOPE OF COVER:

  • Theft of property after actual forcible and violent entry or exit to or from the premises.
  • Damage to insured property by burglars.
  • Cash in safe:- cover operates when cash is secured in a safe of approved make and design and is burglar proof subject to:- the loss of cash from safe following use of duplicate or use of key belonging to insured is not coverd unless such key has been obtained by violence or threat. “key clause”. Acomplete list of amount of cash in safe should be kept in some place other than safe.
  • EXCLUSIONS:

    • Caused by insured’s employees or members of his family.
    • Caused by riots & strike, civil commotion , terrorist act.
    • War & war like operation
    • Convulsion of nature & or consequentional loss.