Money

The policy is intended to protect against loss of money which may be carried by messengers and which may be in transit from one place to another. In addition to transits the policy also covers money kept in the insured’s premises. The company accepts Money Insurance on condition that the fire insurance is placed together.
The policy insures money against loss whilst :

• in transit between the proposer’s own premises and the bank or Post Office;
• at the proposer’s own premises provided that after business hours all money is securely locked in a safe or strongroom;
• money at other situations, e.g. at sites of contractor in the hands of collectors;
• small amounts of money other than money for the payment of wages, salaries and other earnings kept under lock, and keys are kept out of Insured’s premises.
• and also the cost of repairs to the Safe or Strongroom not otherwise insured directly associated with any theft or attempted theft therefrom occurring during the Period of Indemnity.