Burglary Insurance Policy

The Burglary and Housebreaking Insurance by Liberty General Insurance is a ‘named peril’. This means that the loss and damage to the property or possessions should have happened because of a named peril, theft. The theft must have occurred through housebreaking or burglary and there should be signs of violent entry and exit on the premises.

This policy covers:

• Destroyed or damaged property as described in the burglary insurance policy by:
• Burglary
• Housebreaking
• Robbery (theft that follows forcible and violent entry of or exit from the premises)
• Hold-up (Forcible removal of possessions by actual or threatened violence against the insured)
• Damage to premises resulting from burglary and/ or housebreaking

This policy can be issued on the basis of declaration and as a floater for your stocks. You can opt for it on a first loss basis or a full value basis.

With additional premium, the policy can be extended to cover:

• Riot and strike
• Loss minimization expenses
• Expenses towards restoration
• Expenses towards clearance of debris
• Loss or damage to the properties of employees
• Costs for changing locks and for repair of premises damaged

For an exhaustive list of inclusions, please read the policy wordings.

The policy is a ‘named excluded perils’ insurance, i.e. specifically mentioned risks are not covered. These risks include:

• Fire
• Spillage
• Loss or damage by wear and tear or gradual deterioration
• Unexplained losses
• Shortages caused by errors or omission
• Consequential loss
• Loot, sack, or pilferage
• Loss or damage which is recoverable under other insurance policies obtained by the insured
• Terrorism
• Uninhabited premises for seven or more consecutive days and nights
• If an inmate or a member of the insured’s business or household is involved in the theft

For a detailed list of exclusions, please read the policy wordings.