Page 420 - Misc Ebook IC 78

The Insurance Times

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 acts by the appraisers who are on the
approved list of the insured bank and provided the
bank exercises reasonable precautions and
safeguards in the selection and appointment of such
appraisers. The liability of the insurer is limited to
5% of the basic sum insured or Rs 25,000
whichever is less.

h) Janata agents - it covers loss due to infidelity or

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