MONEY INSURANCE. The Company agrees that subject to the terms, provisions, exclusions, conditions and definitions contained herein or endorsed or otherwise expressed hereon, to indemnify the Insured against loss of:
a) Money in transit carried by the Insured or the Insured’s authorized employee(s),
b) Money while kept locked in safe or strong room at the insured Premises
c) Cash in Till / counter at the insured Premises Occasioned by burglary or holdup or robbery or any other fortuitous cause not excluded hereunder; Additional benefit: Assault Cover for Cash carrying employees In case the money carrying employee is assaulted during burglary or holdup resulting in death / bodily injury / physical separation of a limb or the loss of an eye or causing him to be prevented from engaging in his usual employment, the Company shall pay such employee Rs.25,000/- per event subject to maximum of Rs.50,000/- during any one Policy period for any and all claims arising in this respect. Above cover shall apply only for the employees between the age group of 18 - 60 years who are on permanent rolls of the Insured and authorised to carry cash. Provided always that the limit of the Company’s liability for any one loss shall in no case exceed the amount specified in the Schedule. DEFINITIONS: Money: Shall mean and include cash, coin, bank drafts, currency notes, treasury or promissory notes, cheques (signed and blank cheques whether crossed or not), bonds, bills of exchange, postal orders, money orders and current postage stamps held in connection with business (excluding foreign currency, unless specified otherwise in the Schedule).
MONEY INSURANCE. COVERAGE During the Period of Insurance, subject to the terms, conditions and exceptions stated in this Policy, We will indemnify You up to the Limit of Liability for: 1. loss of Money by any cause whatsoever occurring within the Territorial Limit stated in the Schedule and 2. the cost of repair or replacement of the Safe or Strongroom or other receptacles not otherwise insured directly, due to theft or attempted theft up to a sum of RM1,000.00 or the Limit of Liability for Money in Premises stated in the Schedule, whichever is lower. EXCEPTIONS We shall not pay for:- 1. loss or damage directly or indirectly caused by or in connection with any of the following: a. war, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war. b. mutiny, strike, riot and civil commotion, military or popular rising, insurrection, rebellion, revolution, military or usurped power, martial law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege. c. any act of any person acting on behalf of or in connection with any organisation with activities directed towards the overthrow by force of any legal and legitimate Government or to the influencing of it by terrorism or violence or loot, sack or pillage in connection with any of the aforementioned occurrences. d. confiscation or destruction by or under the order of any Government or Public Authority. In the event of a claim, You will have to prove that the loss or damage suffered is not related to or in consequence of the above or We will not be liable to pay You. 2. any loss due to or arising out of forged Money. 3. shortages due to error or omission resulting from clerical or accounting errors, or errors in receiving or paying out. 4. loss or damage due to collusion, fraudulent embezzlement or misappropriation by You or Your Employees. 5. any loss from an unattended vehicle. 6. loss of Money extracted from locked receptacles following the use of the key or duplicate keys unless obtained by threat or violence from You or Your Employees. 7. any loss due to depreciation in value. 8. any consequential loss whatsoever. 9. a. loss or damage directly or indirectly due to or in consequence of ionising radiations or contamination by radioactivity from any nuclear fuel or any nuclear waste from the combustion of nuclear fuel including any self-sustaining process of nuclear fission. b. directly or indirectly du...
MONEY INSURANCE. SUB-SECTION 3.02
MONEY INSURANCE. The Company agrees that subject to the terms, provisions, exclusions, conditions and definitions contained herein or endorsed or otherwise expressed hereon, to indemnify the Insured against loss of:
a) Money in transit carried by the Insured or the Insured’s authorized employee(s),
b) Money while kept locked in safe or strong room at the insured Premises
c) Cash in Till/counter at the insured Premises
7. 8.
