Burglary Insurance
Burglary Insurance policy covers property contained in business premises like furniture, fixtures, fittings, office equipment, electronic equipment, stocks owned, or for which insured is responsible or held in trust and/or commission. It can also cover cash, valuables, securities kept in a locked safe or cash box in locked steel cupboard if specifically mentioned.
The policy covers loss or damage caused by Burglary following upon an actual forcible and violent entry of and / or exit from the premises and Robbery. It also covers damage to your premises caused by burglars during burglary or attempts at burglary.
Add-on Cover
The Policy can be extended to cover Riot, Strike, Malicious Damage and Theft. Further, policies can be issued on declaration basis and on floater basis for stocks.
Exclusions:
- -To goods held in trust/commission, jewellery, curios, title deeds, business books unless specifically insured.
- -Recoverable under Fire/Plate glass insurance policy
- -By abstraction from a safe using a key or duplicate key, unless it is obtained by violence or threat
- -Due to shop lifting, acts involving you/your family members/ your employees
- -Due to War perils, Riot & Strike ( covered by payment of additional premium), Acts of God, Nuclear perils
