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MONEY POLICY (money includes (Cash, Cheques, Postal/Money Order, Bill of …
MONEY POLICY
money includes
Cash
Cheques
Postal/Money Order
Bill of
Exchange
Stamps
EXCLUSION
Loss or damage by or through the collusion
Shortage due to error or omission
Loss occurring outside the Territorial Limits
Any loss occurring when the Premises are closed
scope of cover
Money in Transit
Money in Premises
Damage to Safes or Strongroom
ADDITIONAL COVER
Armed robbery and hold-up at the Insured’s premises.
Riot, strike and civil commotion
Personal accident to the messenger or custodians
CONDITIONS
Cancellation
Fraud
Change of policy terms and condition
Material changes of subject matter
subogration
Contribution
arbitration
assignment
Underwriting Considerations for Money Insurance
A business which handles a lot of cash
to cover organizations and individuals that handle and transact cash
Duration of cover 1 year