Burglary

This insurance covers property against loss or damage whilst within the insured premises, following theft by actual violent and forcible entry into or exit from the premises, including armed hold-up.

There are two ways of insuring the property, either on:

 

• Full Value Basis - where all your assets and/or property most susceptible to loss or damage by burglary are insured, or,
• First Loss Basis - where the sum insured is an estimate of the maximum probable loss in the event of any one burglary attempt.

 

Depending on the sums insured, attractiveness of property insured and security precautions, the First Loss Basis of insurance can be both adequate and economical.

 

Note: Please note that this class of insurance is generally not accepted on stand alone basis. Depending on your requirements, we may quote you another class of insurance to be incepted together.

 

 

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