UIIC

Products - Burglary Policy

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Note : A brief snapshot about the policy is given.For complete information refer to policy wordings or visit our nearest branch office.

We Cover

Property contained in a business premises stocks owned held in trust/commission and for which one is responsible
Premises itself against damage (which one has to make good)
Cash valuables securities kept in a locked safe or cash box in locked steel cupboard can be specifically covered.

Who can be insured

Any individual whose property is exposed to risk of burglary; one who is liable for goods in trust/commission; one who is liable to make good damage to premises.

What is insured

Property lost/damaged by Burglary/House breaking;
Damage to premises caused by burglars during burglary or attempts at burglary

Policy will pay as per below:

Actual loss/damage to the insured property caused by burglary/house breaking subject to the limit of sum insured. If sum insured is not adequate policy pays only proportionate loss.

The policy will not pay loss/damage due to:

To goods in trust/commission jewellery curios title deeds business books - unless specifically insured
Due to shop lifting acts involving insured/his family members/employee
Recoverable under Fire/Plate glass insurance policy
Due to war perils Riot & Strike Acts of God Nuclear perils
By abstraction from a safe using a key or duplicate key unless it is obtained by violence or threat

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