Burglary Insurance
This policy provides cover for property contained in business premises, stocks owned by you or held in trust and/or commission. It can be further extended to cover cash, valuables, securities kept in a locked safe or cash box in locked steel cupboard. .
KR Insurance Services brings wider burglary insurance terms at right price for their customers. .
Main Cover / Burglary Insurance
The policy provides cover for the following occurrences:
- Loss or damage to insured property due to burglary and/or housebreaking
- Damage to premises caused by burglars during burglary or attempts at burglary The policy pays actual loss / damage to the insured property caused by burglary / house breaking subject to the limit of sum insured.
- If the sum insured is not adequate, the policy pays only proportionate loss. There is also a provision in the policy to cover bulk items on "first loss" basis, wherein a percentage of total stock stored can be taken as that exposed to the risk of burglary and housebreaking. The premium is charged on this percentage selected only. A nominal premium is charged on the balance stock. .
- The policy can be extended to cover riot, strike, malicious damage and theft. Further, policies can be issued on declaration basis and on floater basis for stocks.
- For goods held in trust / commission, Cash, jewellery, curios, title deeds, business books (unless specifically insured)
- Due to shop lifting, acts involving you or your family members / employees
- Due to war perils, riot & strike (covered by payment of additional premium), natural calamities and nuclear perils
- For items stolen from a safe using a key or duplicate key, unless it is obtained by violence or threat
Main exclusions
The policy will not pay for loss or damage:
Why KR Insurance Services ?
- Lowest Quotations
- Prompt Claim Services .
- Wide Quote Comparisons .
- Best Insurance Industry Practices
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