Introduction

This class of insurance is accepted on accommodation only. The application for Burglary insurance must be accompanied by Fire insurance, otherwise the proposal for this insurance may be declined.

This policy provides cover for loss of or damage to property insured by theft accompanied by actual forcible and violent entry and:

a) Resulting in loss to the property insured.
b) Resulting in damage to the premises due to such theft or attempt threat.

Principal Exclusions

• Consequential Loss
• Nuclear Risks, Ionising, Radiations
• War Risks, Civil Commotion, Strike
• Theft by member of the Insured's family, staff or any persons lawfully on the premises.
• Unaccountable or inventory loss.
• Medals, coins, curios, rare books, plans, pattern, models, deeds unless specifically mentioned.
• Loss or damage whilst the premises are unoccupied for a period exceeding 30 consecutive days.

Types of Policies

Full Value

This type of policy is subject to Average. Therefore, in order to obtain adequate indemnity in the unfortunate event of loss, the proposer must insure his property for the full value and the Sum Insured should be the highest amount at risk at any one time.

First Loss Policies

This can be issued where the size of the risk and nature of stocks makes such a Policy appropriate. The Sum Insured should be the anticipated maximum probable single loss and in no event be less than 15% of the total value at risk.

Where the cover is arranged on this basis, the Insured must declare the full value of the property at risk and the Sum Insured proposed for insurance. Average will apply should the actual full value be less than that declared.

For further information about this product, please contact our nearest branch and our customer service staff will gladly assist you.