This policy covers contents of business premises
against the risk of loss or damage by burglary and housebreaking only.
Fire risk must be covered by the issue of a separate Fire Policy. The
property insured is covered only if loss or damage takes place whilst
contained in the premises described in the schedule.
The property that can be covered under this policy are:
- Stock-in-trade
- Goods-in-trust
or on commission basis for which the Insured is responsible.
- Fixtures,
fittings, and utensils-in-trade
- Cash
in currency notes secuered in locked safe.
The properties
which are excluded under this policy are:
Deeds, Bonds, Bills of Exchange, Promissory Notes, Cash, Treasury Notes
and Bank Notes, Cheques, Securities for money stamps, stamp collections,
books of account, documents of any kind, manuscripts, medals and coins,
motor vehicles, and accessories or live stock unless specifically Insured.
Insured Perils
- Burglary
or house breaking of property following upon felonious entry of the
premises by violent and forcible means.
- Theft
by a person in the premises who subsequently breaks out by violent
and forcible means.
- Damage
to the premises by the burglars to be made good by the Insured.
General
Exclusions:
Loss or Damage
- Where
insured's family member or business staff is involved as principal
or accessory.
- By
acts of persons lawfully on the premises (larceny).
- Consequent
upon fire or explosion.
- Insurable
under a fire or glass Insurance Policy.
- Loss
of cash from the safe following the use of key or duplicate (unless
such key is obtained by threats or violence).
- Earthquake
and other natural perils.
- Riot,
strike and civil commotion.
- War
and kindered perils.
- Nuclear
risks.
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