Money in Transit Insurance

Miscellaneous

Money in Transit Insurance

Whenever a business organization collects and disburses cash, all such cash must be covered from the time of collection until such time as it is paid out or deposited in a bank. In other words, the cash must be fully protected once you assume responsibility for it, both whilst in transit and at your premises.

An insurer will indemnify the Insured against physical loss or destruction of or damage to here on the insurer will indemnify the Insured against physical loss or destruction of or damage to:

a) "Money" i.e. Bank Notes, Currency Notes, Current Coin, Postal Orders or Money Orders

b) Safes or strong rooms which normally contain "Money" caused by theft or attempted threat occurring during the Period of Insurance provided that the liability of the Company in respect of any item Insured shall not exceed the specified Limit of Liability thereon other than those specifically excluded in the policy.

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