Money Insurance
Highlights
Money Insurance policy provides cover for loss of money in transit between the insured's premises and bank or post office, or other specified places occasioned by robbery, theft or any other fortuitous cause.
The policy also covers loss by burglary or housebreaking whilst money is retained at Insured's premises in safe(s) or strong room.
Scope
Section I
Covers money in transit under the following heads: Cash, Bank Drafts, Currency Notes, Treasury Notes, Cheques, Postal Orders and current Postage Stamps.
Section II
Covers money in safe / on premises.
Major Exclusions
Shortage due to error or omission. Losses due to the fraud / dishonesty of the employee of the insured. Losses which are covered by other policies.
“Insurance is the subject matter of solicitation"
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