Burglary Insurance policy covers stocks and contents owned by you or for which you are responsible or held in trust and/or commission at the insured premises. It also covers cash, valuables, securities kept in a locked safe or cash box in locked steel cupboard on specific request.
Additional Benefits
Loss or damage of Personal Effects of Directors, Officers and Employees
Cost of temporary protection reasonably and necessarily incurred for the safety and protection of your property
Loss or damage to parts of the building occupied, following a burglary
Expenses reasonably and necessarily incurred by you in reproducing or making good the loss of or damages to your valuable business documents lost by the insured events
Expenses for clearing up the damage caused to insured premises including removal of debris from the insured premises to the nearest waste disposal site
Loss or damage from any yard, garden outbuilding (including sheds or garages not attached to the building) or any other property outside the confines of the premises unless specified in the schedule
Valuables, unless specifically covered in the schedule
Loss or damage of motor vehicles, trailers unless shown in the schedule
Loss or damage the premises that involves any of your employees or intermediaries
Loss or damage resulting from an act of riot, strike, malicious damage and terrorism
Damage to glass and sign boards
Livestock
Loss or damage to contents or stock when the premises are left unoccupied for more than seven consecutive days unless the same has been reported to us in writing and our written approval obtained
Contents from the safe following the use of a key to gain access to the safe, or any duplicate thereof belonging to you unless such key has been obtained by aggressive or violent means
Theft? Burglary? People often tend to use the terms burglary and theft interchangeably but each of the term has special meaning when viewed from technical standpoint. Theft means depriving the owner of their property be it money or material whereas burglary means forcefully entering structure with intent to commit the crime with or without involving theft. Moment we think of these risks, our subconscious mind starts searching for safeguards. Apart from traditional and more direct ways, one can look for burglary or
theft protection insurance
policies. While burglary insurance is offered by most, it is rather uncommon for the companies to offer standalone theft insurance in India. Theft as a risk is covered under various insurance policies including motor, house holder’s package and along with burglary.
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