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monetary policy (General condition (Cancellation, assignment, fraud,…
monetary policy
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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
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.
Money in the Insured’s premises during and outside normal business hours.Money in Insured’s premises contained on locked safes or strongrooms.Money in locked drawers or cabinets or cash registers.
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 or money for which the insured is responsible