Burglary Insurance PolicyYour burglary insurance policy provides you with a cover for loss or damage caused by burglars. Insurers define burglary as breaking in or out of premises for the purpose of stealing. Therefore, there must be evidence of use of force to gain entry into or out of your premises. Hold up or use of threat to your employees is covered. However, this is not automatic with some insurers and therefore you must specifically request for it. We do this automatically and also include all the essential clauses for your protection. The cover extends to include damage to your premises caused by burglars. It is therefore important to include cover for your plant and machinery for industrial premises. It is also important to extend your policy to include riot and strikes. However, you should avoid duplication if you have extended your fire policy to include riot and strikes. The basis of settlement of claims is depreciated values and for stocks the cost of replacement of stock. However, you can extend your policy for plant and machinery, and equipment to be on replacement value basis. It is your responsibility to give an accurate sum insured based on the type of settlement of claim that you need. Now, it is your turn. Please help us to further improve our services either with your needs, questions, comments or feedback. We greatly value your voice and listen to you with a passion. And, all your insurance needs are extremely important to us.
|
