Page 194 - Misc Ebook IC 78

The Insurance Times

Q1.a) A prospective client wants to know about the
Burglary firm loss insurance. Draft a detailed
letter to him in the above connection.

(b) What is a valued policy ?

Ans.a) The Burglary Insurance covers theft of property after a
forceful and violent entry into the premises or theft
followed by actual forcible and violent exit. It also cover
hold ups.

The policies issued to business premises cover stock in
trade, goods in trust or commission, fixtures and fittings,
tools of trade like typewriters, calculators etc. Loss or
damage to contents or to any part of the building due to
burglary is also covered.

Sometimes, cash and currency notes secured in safe is
required to be insured. Such cover is known as cash-in-
safe insurance. However, the cover is operative only
when the cash is secured in a safe and is granted, only
when the safe is burglar proof and of an approved make
and design. Two important clauses are to be noted here:

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