Money Insurance
Money” shall mean cash and Bank Notes currencies notes, cheques, postal orders, money orders, postage stamps
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Do you need money insurance?
Money insurance policy provides cover for loss of money in transit between the insured’s premises, bank and other specified places occasioned by robbery, theft or any other fortuitous cause
Commonly asked questions about money insurance
Global's Money insurance coverage
Here at Global, we provide the following money policy cover:
- Money insurance is one form of pecuniary insurance which compensates the insured of loss of money, as defined here under, sustained as a result of fortuitous circumstance through the acts of burglary’s and/or thieves while in transit or in a locked safe.
- For the purpose of money insurance the term “MONEY” is defined as cash, bank notes. Currency notes. Cheques (except crossed cheques). Postal order, money order, current postage, revenue stamp and credit cards.
- The amount of any loss of money belonging to the insured or for which the insured is responsible, occurring during the period of insurance and not exceeding the limit of liability stated in the policy.
- Loss of or damage to safe and or strong room resulting from theft or any attempted threat.
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