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MONEY POLICY- designed to cover organizations & individual that handle…
MONEY POLICY- designed to cover organizations & individual that handle and transact cash in large volumes against loss of own money or money for which the insured is responsible
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PERIOD- 1 year, renew the policy annually
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- personal accident to messenger or custodians
- armed robbery & hold-up at insured's premises
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- shortage due to error or omission or resulting from clerical
- loss or damage by or through the collusion of or the fraudulent embezzlement by
- loss occurring outside the territorial limit
- any loss occurring when the premises are closed unless the money is in locked safe or locked strong room
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- material changes of subject matter
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- damage to safes or strongroom
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