Key highlights
Comprehensive Theft Protection
Covers theft or burglary of contents and stock from the insured premises, even in cases where there is no visible forcible or violent entry or exit.
Cash Protection (Safe & Counter)
Ensures coverage for cash securely stored in safes or lockers, as well as cash kept in counters, in case of burglary or theft.
Riot, Strike, and Malicious Damage
Provides financial compensation for loss or visible physical damage caused by external violent means, including riots, strikes, and malicious acts.
Protection for Jewelry and Valuables
Covers precious jewelry, gemstones, artwork, and other high-value assets against theft or burglary.
Coverage for Business Assets
Offers financial reimbursement for stolen or damaged business assets, including machinery, stock, and office equipment.
Additional Expense Coverage
Compensates for expenses incurred due to temporary relocation, security reinforcements, or legal fees following a burglary incident.
Exclusion
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Unoccupied Property Losses
If the insured premises remain unoccupied for an extended period, burglary losses may not be covered.
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Intentional or Willful Damage
Losses resulting from deliberate or fraudulent acts by the insured are not covered.
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Employee or Insider Theft
The policy does not cover losses caused by employees, staff members, or family members.
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War, Civil Unrest, or Terrorism
Damages or losses caused by war, riots, terrorist activities, or civil commotion are excluded.
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Unauthorized Access by Known Individuals
If a burglary is carried out by individuals known to the policyholder (e.g., tenants, business partners, or house staff), coverage may be denied.
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Failure to Secure the Property
Claims may be rejected if the insured fails to take reasonable security precautions, such as leaving doors or safes unlocked.
Type of Burglary Insurance
Full Value Insurance
Provides coverage for the complete insured value of property, ensuring full compensation for the financial loss incurred.
First Loss Insurance
Offers partial coverage based on the assumption that a total loss is unlikely (e.g., in large warehouses or retail stores where only part of the stock might be stolen).
Stock Declaration Policy
Ideal for businesses with fluctuating stock levels, allowing policyholders to declare stock values periodically for accurate coverage.
Reinstatement Value Policy
Covers the cost of replacing stolen or damaged assets with new ones of the same kind, ensuring minimal financial disruption.
Transit Burglary Insurance
Protects goods against theft or burglary while in transit, ensuring safe movement of assets between locations.
Multiple Location Policy
Designed for businesses operating in multiple locations, this policy provides coverage across various premises under a single plan.
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Why Is Burglary Insurance Essential?
Provides immediate financial assistance to individuals and businesses, helping them recover losses caused by theft or burglary.
Offers reassurance that your valuable possessions, cash, and business assets are safeguarded against potential burglary incidents.
Reduces the financial impact of unexpected losses, enabling individuals and businesses to continue operations smoothly.
Ensures that businesses can sustain operations without major disruptions in case of burglary-related losses.
Protects money in transit, business premises, cash-in-safe, jewelry, and other valuables, ensuring a holistic security approach.
Certain businesses or rental agreements require burglary insurance as a mandatory safeguard, ensuring compliance with legal obligations.
