Page 169 - Misc Ebook IC 78

Miscellaneous Insurance

(iii) Losses due to fraud/dishonesty of an employee of
the insured (provided they are discovered within 48
hours).

(iv) Losses which are covered by other policies.
(v) Losses arising from war and allied risks.
(vi) Losses arising from riot, strikes, and civil commotion

and acts of terrorism.
(vii)Losses occurring by the use of keys to the safe

unless such keys were obtained by force or threat.
(viii) Money carried under contract of affreightment
and theft of money from unattended vehicle.

Q3.b) Which are the extensions available under the
above policy ?

Ans. There are 3 extensions of Money policy :
(i) Infidelity of Employees - The normal policy does
not cover loss to the insured unless discovered within
48 fours arising through dishonesty of the employees.
Since the acts of dishonesty by the employees
entrusted with the carrying of the insured property
are not covered, the policy is extended at an
additional premium to cover any act of fraud or

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