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MONEY POLICY (INTRODUCTION (MONEY (includes) (Cash, Cheques, Postal or…
MONEY POLICY
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INTRODUCTION
Money Insurance
To cover organizations & individuals - handle and transaction cash in large volumes against loss of own-money or money for which the insured is responsible.
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SCOPE OF COVER
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- Damage to Safes or Strogroom
ADDITIONAL COVER
- Personal accidents to the messenger or custodians.
- Armed robbery and hold-up at the Insured's premises
- Riot, strike and civil commotion
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EXCLUSIONS
- Shortage due to error or omission or resulting from accounting errors.
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- Loss occurring outside the Territorial Limits
- Any loss occurring when the premises are closed
- Loss from an unattended vehicle
WARRANTIES
- All money not paid out on the day on which it is received from the Bank.
- A complete record of the amount of money in the safes be kept in a secure place
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GENERAL CONDITIONS
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- Change of policy terms and condition
- Material changes of subject matter.
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