Burglary & Housebreaking
An act of unlawfully entering a property to commit a crime, not limited to theft, is commonly referred to as
burglary. Burglary insurance covers losses resulting from such incidents. This type of policy protects property
on your premises, stocks or goods owned by you or held in trust, as well as cash, valuables, and securities
kept in a locked safe or cash boxes in a locked steel cupboard, upon specific request.
Given the increasing risk of burglaries, it is essential for both businesses and homeowners to safeguard
themselves with appropriate burglary insurance plans. This coverage can provide much-needed financial
security and peace of mind in the event of a burglary.
Coverage
The policy is designed to cover burglary and housebreaking, with add on covers such as ‘Theft without
forcible means’ and ‘Inventory Loss’.
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Coverage Basis:
- Available on a ‘first loss basis’, through appropriate assessment of ‘probable maximum loss’ at the inception of policy.
- Damage to premises resulting from burglary and/or housebreaking or any attempt at burglary.
- Specific Coverage Options :
- Stocks held in trust or commission, and for which the insured is responsible, when specifically covered.
- Cash, jewellery, valuables, and securities kept in a locked safe or a cash box in a locked steel cupboard, when specifically covered.
- Extensions available to cover many other risks like riot, strike, malicious damage and theft.
- Variants based on spread of locations & stock :
- Floater Policy
- Declaration Policy
- Floater Declaration Policy
