MONEY INSURANCE

Perils Covered:
Loss of money in course of transit or from locked safes or strong room in insured’s premises.

Definition:
Money shall mean cash, bank notes, cheques, postal orders, money orders, postage stamps, gold foreign currency, cash cheques and traveller’s cheques.

Important Condition:
Insured shall take all ordinary and reasonable precautions for the safety of the money.

Important Exclusions:
Theft, embezzlement, breach of trust or other fraudulent, unlawful or criminal act on the part of any of the insured’s employees.
Loss from any unattended vehicle.

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