Money (Cash in Safe & Cash in Transit)

Money (Cash in Safe & Cash in Transit)

Get a Quotation

Please provide the following documents to get a quotation:

  • Completed Brokerage of Record filled, signed and stamped
  • Copy of Commercial Registration
  • A completely filled Proposal Form, signed and stamped
  • Loss record for the past three years

Money Insurance policy provides coverage for loss of money in transit between the insured party's premises and bank or post office, among other places that were subjected by robbery or theft. The policy also covers loss by burglary or housebreaking while money is retained at the Insured party's premises in safe(s) or protected cubicle.

Risks Covered

  • Loss of money in transit by the Insured or insured party's authorized employee(s), due to robbery, theft or any other fortuitous cause
  • Disappearance of money from safe due to burglary, housebreaking, robbery or hold-up, provided that the limit of the company's liability for any one loss does not exceed the amount specified in the policy purchased
 

Extensions

  • Risk of employee infidelity
  • Terrorism
  • Disbursement risk

Exclusions

  • Shortage due to omission/error
  • Riots, strikes, civil commotion unless specifically agreed for
  • Terrorism
  • Unexplained losses and mysterious disappearances
  • Loss or damage due to a flood, cyclone, earthquake and other natural disasters
  • Loss or damage arising out of key(s) use with the safe(s) or protected cubicle unless keys were obtained by force or threat
  • Money entrusted to any person other than the Insured or an authorized employee
  • Legal liability, consequential loss, theft from an unsecured vehicle and consequential loss
  • Money entrusted to a carrier
  • Cash carrying employee must be discovered within 48 hours
  • Money carried under contract of affreightment

Request A Quote

In order to receive a quote, kindly download the Broker Appointment Letter Document. Fill it with the correct information, then upload it back in the below field.

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Contact

For your inquiries, please fill the form and our team will be glad to answer all your questions.

  • locate us on the map
  • 920007474 – Ext. 1000
  • info@elitere-sa.com

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