This class of insurance provides cover for loss of money whilst:
- In transit between the premises, Bank and Post Office by robbery, theft or accident
- Held in locked safe/or strong room in the insured premises by burglary or house breaking.
This insurance also extends to cover hold-up risks, damage to safe or strong room following theft or attempted theft.
Under this insurance, money includes cash, Bank and current notes, Bank and Postal Orders credit card vouchers and open cheques. This policy is issued on declaration basis that is at the end of insurance period actual cash transactions must be declared and the premium adjusted accordingly.