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MONEY POLICY (EXCLUSION (Shortage Due to human error and human hazard,…
MONEY POLICY
EXCLUSION
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Any loss occurring when the Premises are closed unless the money are in a locked safe or locked strong-room.
Any loss or damage occasioned by or through or in consequence, directly or indirectly, of any of the following occurrences, namely:
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CONDITIONS
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- Change of policy terms and condition
- Material changes of subject matter
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SCOPE OF COVER
Money in Transit
Monies in the personal custody of the Insured’s authorised employees whilst in direct transit between the premises and bank or post office including money drawn as wages and salaries from the time of receipt until paid out
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ADDITIONAL COVER
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Riot, strike and civil commotion
DEFINITION
To cover organizationsand individuals that handle and transact cash in large volumes against loss of own-money or money for which the insured is responsible
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PREMIUM CHARGE
The main factor is the sum insured or quantum of the money,and limits of liability