Money Insurance Policy

The Money Insurance covers the following risks:

• Loss during transit because of robbery or other unexpected events, if money is carried by an authorized person
• Loss of money through robbery or other unexpected events, from a safe and/or strong room in your premises
• Robbery or other unexpected events resulting in a loss of money from your cash counter/till Some things you should know

Some things you should know

• "Money" – Cash, current coins, bank and currency notes, cheques, postal orders, postage stamps that are not part of a collection and luncheon vouchers
• "Business Hours" or "Office Hours" – The Insured’s normal trading hours or while the insured or other authorized personnel are on the premises for business
• "Housebreaking" – Unforeseen, unauthorized entry or exit from the insured premises
• "Theft" – Dishonest misappropriation of money
• A theft will be considered as a "Robbery" if, in order to the committing of the theft, the offender, causes or attempts to cause death or hurt or wrongful restraint, or causes fear the same.

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

The Money Insurance is a ‘named excluded perils’ policy, meaning that some risks are specified as not covered, including:

• Spillage
• Shortages caused errors or omissions
• War and rebellion
• Regular wear and tear
• Civil commotion
• Seizure, arrest or detainment by the Government
• Loot, sack, or pilferage
• Terrorism
• Any consequential losses of any kind
• Loss of Money carried by an unauthorized person
• Loss of Money with the involvement of the insured or an authorized employee

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