DESCRIPTION

Money

The term Money shall be deemed to mean and to include cash and/or any other financial instrument that is easily convertible into cash. Note that foreign currency shall be equivalent to local currency at the prevailing Central Bank Mean rate at the time of loss.

Business Hours

The period during which the Insured’s business premises as specified in the schedule are actually occupied for business purposes and during which the Insured or his employees entrusted with Money are within the premises.

Excess

The amount the Insured must bear as the first part of each and every claim made.

REQUEST MORE INFO

COVERAGE

This insurance policy will provide indemnity following the theft or loss of money whilst:

• In Transit or in a bank's night safe;
• On the Premises during business hours;
• On the Premises outside business hours;
• On the Premises whilst contained in a Locked Safe or Strongroom;
• At an Authorised Person's residence;
• Damage to Safes and Strongrooms;
• Fraud or dishonesty by employees.

“Money”

means cash, notes, cheques, postal notes, post office money orders, negotiable securities, stamps.

This description is issued as a matter of information only and for full terms and conditions you should refer to the policy wording.