The object of money insurance is to indemnify the Insured against all risks of loss of money while in transit, whilst in the insured safe or premises during and after business.
This policy can also be extended to cover loss of cash while in insured premises or personal custody of trusted employees of the Insured.
Money Insurance policy was designed to cover loss of or damage to cash and other security documents- ‘’near money’’ e.g., cheque books in transit or in the premises of the insured.
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