MONEY INSURANCE
Risks associated with money are diverse and could occur while being carried in transit, stolen from the safe or on the counter with cash tellers or cashiers. However, irrespective of the way and manner risk is sustained, indemnity will be provided in the following instances.
Money in Safe
Where thieves break into a safe or strong room following armed robbery attacks on your organizations, leading to loss of money, the money insurance policy will indemnify
Money in Transit
Daily receipts, income, staff salary, cash deposits, etc while being carried to and from the banks faces the risk of armed robbery attacks and snatching. The money insurance policy is explicitly designed to indemnity or compensate in case of loss associated with carriage of cash to and from bank
Damage on Buildings, Doors/Windows
In an attempt to burgle, thieves always leave trails of their rampage on the property. The money insurance policy will compensate for the damages by repair or rehabilitation of the affected property.
Money on The Counter
In banks and other organizations, armed robbers often swoop on the cashiers and unlucky customers that happened to be in the office at that time by dispossessing them of cash and other valuables. The operation is often done in a commando style by commanding every person present to lie down while they make away with every available money on the counter with the cashier. Such loss of money by the cashier to armed bandits will be compensated/ indemnified for by money insurance policy.