The policy covers loss of money comprising currency, bank notes, coins, money orders, current postage stamp belonging to the insured or for which he is responsible. The cover is of various classes as named below.
- Cash In Transit: It covers loss of money belonging to the insured or for which he is responsible during the course of transit between specified places i.e. from insured premises to the bank vise versa.
- Cash In Safe: It covers loss of money belonging to the insured or for which he is responsible whilst kept in a locked safe.
- Damage to Safe: Cover could also be extended to cover damage to the safe. It covers the cost of repairing safes damaged in the course of committing a burglary.
- Money in personal custody of staff: It covers loss of money in personal custody of senior members of the management or persons whose duties relate to purchase.