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MONEY INSURANCE (General condition (Change of policy terms and condition,…
MONEY INSURANCE
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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
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Scope of cover
Money in the Insured’s premises during and outside normal business hours. Money on insured's premises contained on locked drawers or cabinets or cash registers.
Cost of repair or replacement to the damaged locked safe or strongroom resulting from theft of money or any attempt threat
Monies in the personal custody of the insured's authorized 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.
Additional Peril
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Riot, strike and civil commotion
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Definition
Designed to cover organization and individuals that handle and transact cash in large volumes against loss of own-money for which the insured is responsible
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