Page 113 - Misc Ebook IC 78
P. 113
Miscellaneous Insurance
required to be insured. Such cover is known as cash in
safe insurance and the cover operates only when the
cache is secured in history and is granted only if the
safe is burglar proof, and is of an approved make and
design. A permanently installed safe in the premises is a
better risk than a safe that can be shifted.
Q5.B) Which extensions are available under the
above policy?
Ans. There are three extensions available under the
Money insurance policy, they are :
(i) Infidelity of Employees - The normal policy does
not cover loss to the insured unless discovered within
48 hours of occurrence if arising through the
dishonesty of the employees entrusted with the
carrying of the property insured are thus not covered,
the policy is extended at an additional premium to
cover any act of fraud or dishonesty committed by
the employees carrying the property. This is known
as Infidelity Extension.
(ii) Loss or damage by Acts of Terrorism in
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