Dekwaneh Main Road- AMANA BLDG
Money Insurance
General Overview
Money Insurance
Money insurance, also known as cash in transit insurance or cash insurance, is a type of insurance that provides coverage for loss or damage to money, currency, or other negotiable instruments while in transit, on premises, or in a safe. It protects businesses, financial institutions, and other entities that handle cash or valuable securities against risks such as theft, burglary, robbery, and other perils.
Scope of Coverage
In Transit: Protects cash, currency, or other negotiable instruments while being transported between locations, such as from the bank to a business or vice versa.
On Premises: Covers money kept on the insured's premises, including in safes, cash registers, vaults, or other secure storage facilities.
In Safe Deposit Boxes: Some policies may offer coverage for money stored in safe deposit boxes at banks or other secure locations.
Advantages
Financial Protection
Risk Management
Compliance
Benefits
- Theft and Robbery: Provides coverage for loss or damage resulting from theft, robbery, burglary, or hold-up involving the insured's money.
- Employee Dishonesty: Some policies may include coverage for losses resulting from dishonest acts committed by employees, such as embezzlement or theft.
- Third-Party Liability: Offers protection against liability for loss or damage to money belonging to others while in the insured's custody, care, or control.
- Transit Protection: Extends coverage to money in transit, whether transported by the insured, employees, armored vehicles, or third-party carriers.
