Money Insurance Policy

  • Money is generally defined as cash, bank and currency notes, cheques, postal and money orders, postage stamps, NHIF stamps, service charge stamps and other negotiable instruments, ATM & Credit Cards.
  • Cover is on “all risks basis” and damage to safes or strong rooms by theft or attempted theft is included
  • Cover can apply for money:
    1. In transit including whilst to & from Bank, sales collection, salary & purchase payments elsewhere
    2. In premises in and out of business hours
    3. In safe in and out of business hours
    4. In hands of authorized employees
Important Clauses
  • Transit Warranty
  • Declaration Condition
  • Political risks exclusion
  • Excess
  • Personal funds
  • Excluding loss due to errors and omissions
  • Due care
Common extensions are: –
  • Replacement of keys or alteration of locks mechanisms following theft of keys to safes or strong rooms
  • Personal accident resulting from an assault in the course of theft / robbery
  • Loss resulting from fraud or dishonesty of employees discovered within seventy two (72) hours
  • Cover for loss of damage to clothing and personal effects sustained as a result of robbery or attempted robbery.

downloadMoney Insurance Proposal

download Sarchi Miscellaneous Claim Form

 

 

money insurance