Businessmen who have taken care to insure their stock against fire but not against burglary should reflect for a moment on the following scenario:
They arrive at work one morning to discover the stock has disappeared. Such incidents are by no means uncommon and can prove to be very expensive.
Your Burglary Insurance will protect you if such properties were stolen or damaged by burglars. Thieves frequently damage buildings and whilst it is most unlikely that a whole building would be stolen, damages to the buildings would be covered.
Standard Cover
Theft, involving forcible entry into or exit from a building.
Extra Cover Upon Request
• Hold-up - means theft accompanied by violence or threat of violence by anyone other than an employee.
Some Common Exclusions
The following are not covered:-
1. Any act committed by any person lawfully on the premises, including household members or employees
2. Resulting from a safe/strong room being opened with the key left in the premises
3. War, riot, civil commotion, fire or explosion
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