Money Insurance Policy

The policy does not cover loss and/or damage due to:  

• Shortage due to error or omission.
• Loss of money entrusted to any person other than insured or an Authorized employee or Directors of the Insured.
• Infidelity of Insured or his employee except loss due to fraud or dishonesty of the cash carrying employee of the Insured.
• Loss occurring on the premises, after business hours, unless the money is in a locked safe or strong room.
• Loss occasioned by Riot, Strike and Terrorist Activity.
• Money carried under contract of affreightment and theft of money from Unattended vehicle
• Loss of or damage to money in transit by post
• Loss of money collected by Authorized employee/s of the Insured whilst in transit to the Insured premises or bank in their personal Custody for more than 48 hours
• Loss of money from safe or strong room following use of the key to the safe or strong room or any duplicate thereof belonging to the Insured
• War and warlike perils
• Ionizing radiation or contamination by radioactivity, Nuclear Weapon material
• Consequential loss or legal Liability of any kind