Money Insurance covers cash, cheques, any bank notes, currency notes, money orders or petty cash whilst in your premises or in transit. Cover can be extended to include damage caused by thieves to safes and strong rooms.
Standard Cover
• Loss of money on your premises or in a bank night safe or while being carried by an authorized person.
• Loss of money in a safe or strong room belonging to you and in your premise.
Extra Cover Upon Request
1. Riot, civil commotion,
2. Clothing/personal effects
3. Money in custody of employees, security warranty, wages/salaries
4. Personal Accident Assault
Some Common Exclusions
The following are not covered:-
1. Through theft by an employee or loss caused by willful destruction by authority of the government public municipal or customs
2. War, riot, civil commotion
3. Use of any duplicate key or any combination code belonging to you
4. Loss or damage to money sent by post
Example of covers:
Money in safe in your office and in transit to the bank and between different banks
Money sent to different locations within Maldives. E.g. As pay roll.
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