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Money Policy (EXCLUSIONS (natural hazards of any kind., Loss from an…
Money Policy
EXCLUSIONS
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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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Any act of terrorism, War, Mutiny, strike, riot, civil
commotion, military
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 :recycle:
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• Damage to Safes or Strongroom : Cost of repair or
replacement to the damaged locked safe or strongroom
resulting from theft of money or any attempt threatj :check:
ADDITIONAL COVER
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Riot, strike and civil commotion
CLAIMS CONDITIONS
All the details and evidence which we ask for
concerning and amount of any loss, damage or
injury shall be provided by you at your own
expenses. : :pen:
WARRANTIES
All Money not paid out on the day on which it is
received from the Bank is secured in the Insured
Premises in a locked safe or strong room after
business hours
A complete record of the amount of Money in the
safes be kept in a secure
The Insured shall take all ordinary and reasonable
precautions for the safety of the Money. :check:
DEFINITION: Designed to cover organizations and
individuals that handle and transact cash in large
volumes against loss of own-money or money for
which the insured is responsible. :pen: :
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