Page 153 - Misc Ebook IC 78

Miscellaneous Insurance

bearing forged endorsements, or the establishments of
any credit to any customer on the basis of such
document. The cover is operative irrespective of whether
the said instruments are received over the counter, or
through the clearing house or by mail.

d) Dishonesty - it covers the dishonest or criminal act of
any employee of the insured with respect to the loss of
money or securities wherever committed, whether singly
or in connivance with others.

e) Hypothecated Goods - it covers fraud or dishonesty
of the insured's employee in respect to any goods or
commodities pledged or hypothecated to the insured or
is in his control.

f) Registered Postal Sendings - it covers loss by robbery,
theft or by other causes not excluded whilst in transit, or
intended to be dispatched by registered insured post from
the insured's office (provided they were insured
individually with the post office). The liability of the
insurer for any consignment is limited to 10% of the
basic sum insured, or Rs. 50,000 whichever is less.

g) Appraisers - it covers loss due to infidelity or criminal

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