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CASH-IN-TRANSIT
CASH-IN-TRANSIT POLICY
Money Insurance policy provides cover for loss of or damage to:-
Money in the custody of an authorised Employee whilst in transit from insured’s premises to the bank, and vice versa.
Money kept overnight in the office in the securely locked safe or strong rooms.
Damage to Safe or Strong Room in the course of theft.
Loss includes armed daylight robbery on the insured’s premises.
HOW TO TAKE THE POLICY
A proposal form is completed disclosing the maximum amount in Transit at any one time and the annual aggregate transit.
CLAIMS PROCEDURE
Prompt and thorough investigation of claims.
Indemnity for any one claim is subject to the maximum amount in transit at any one time and total indemnity within the insurance period is subject to the annual aggregate transit.
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