Money Insurance

About Money Insurance

Money insurance is the type of general insurance which provides coverage for financial loss due to theft, robbery, or damage to money while it is in transit or on premises.

In Transit. Covers money being transported by the insured or authorized employees. This includes cash, bank drafts, currency notes, cheques, postal orders, and other negotiable instruments

On Premises. Covers money stored in safes or strong rooms, whether during business hours or after. It also includes money in the hands of sales staff or directors.

Scope of Coverage

Typically includes cash

Bank and currency notes

Cheques

Postal orders

Credit cards

Vouchers