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Money In Transit Policy

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Note-Other Policies-Money In Transmit Policy

  • Particulars of cover liability and exclusion given above are not complete or exhaustive :
  • Our nearest Branch Office branch may be approached for complete details.
English

What is not Insured-Business Policies-Money In Transmit Policy

The policy will not pay :
  • Shortage due to error or omission
  • Riot strike terrorism war and Nuclear group of perils
  • Money entrusted to any person other than the insured or an authorised employee(except due to the employee's fraud or dishonesty discovered within 48 hrs)
  • Legal liability. consequential loss theft from an unsecured vehicle
  • Money entrusted to a carrier
  • Loss due to any act in which the insured is involved as principal or accessory
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What will Policy Pay and how much-Business Policies-Money In Transmit Policy

Policy will pay as per below:
  • Money or money's worth actually lost up to the "limit per carrying" specified in the policy.
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About the Policy-Business Policies-Money In Transmit Policy

We Cover
  • "Money" carried by authorised messengers of the insured while in transit from the time it is taken out till received at the destination--points of origin and destination being specified before-hand.
  • Undisbursed money retained in a burglar-resistant and safe against burglary-risks.
  • Cash carried by insured /proprietor/partner/director and also one firm carrying the cash of another firm in the same premises is also insurable.
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