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Burglary Insurance

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Burglary and Housebreaking Insurance Policy grants coverage in respect of all types of insured property such as stock in trade, goods held in trust or commission, furniture, fixture, fittings, money in locked safe and any other item or equipment.Barring a few specified Exclusions, the Policy offers protection to the insured property against all incidents of burglary and housebreaking, including robbery and dacoity.

  • Benefits Available
    • This policy provides protection against financial loss of or damage to insured property due to burglary and housebreaking i.e. theft following upon an actual, forcible and violent entry to or exit from the insured premises and also damage to the premises by burglars
    • Theft can be covered as an Add on cover by paying additional premium
  • What will be the level of Coverage?
    • In Burglary Policy, the Sum Insured should be fixed on current market prices for stocks. For other items such as furniture, fixture, equipments etc., it can be fixed either on Market Value (i.e. new replacement cost less depreciation) or on Reinstatement Value basis. Further, to cover the fluctuating stocks at one place or at many places or variations due to seasonality, you can choose from the following:
    • Floater
    • Declaration
    • Floater Declaration Policies.
    • You can also opt for our First Loss Policy where the Sum Insured chosen by you is a percentage of the full value of property in respect of stocks of bulk nature, where it is impossible for the entire stocks/contents to be burgled at one time.
  • When will Policy not pay?
    • Any consequential loss.
    • Loss of cash from safe using duplicate key, unless the key is obtained by threat or force.
    • Premises left unoccupied and unattended for over seven days.
    • War and nuclear risks.
    • Acts consequent to fire, explosion, riot, strike, convulsions of nature like earthquake etc.
    • Act of persons lawfully on the insured premises.
    • When your family member or staff is a principal or accessory in the incident.