Theft Insurance

 

General Scope of Cover of Theft Insurance:

- Theft involving entry to or exit from the premises by forcible and violent means

[Forcible – means with the use of force, Violent – means with notion of aggression]

 

Underwriting Considerations:

- Type of Good Insured

- Value of Good Insured

- Location where Good will be stored

- Types of security measures taken for the premises

 

Extensions to Theft Insurance:

1] Hold-Up/Robbery – Defined as Theft accompanied by assault or violence

2]  Full Theft Cover – Covers loss/damage by Theft without violent & forcible entry into the premises

[Extensions are additional benefits available to the Insured]