Money Insurance – The Cover Section 1 Money
The Company will indemnify the Insured up to the Limit of Liability for any loss of or damage to the Money and property described in Items 1 to 5 below occurring during the Period of Insurance provided that A) as regards Item 3 the loss or damage is due to robbery or attempt thereat B) as regards Item 5 the loss or damage is due to theft or attempt thereat and C) the Company’s liability in respect of any one occurrence or number of occurrences arising directly or indirectly from any one source or original cause shall not exceed the relevant Limit of Liability
Item No 1
Limit of Liability any one loss
Money as described in Interpretation 1A A) in the Insured’s Premises during Working Hours or in transit or in a bank night safe and thereafter within bank premises until at the bank’s risk or at any of the Insured’s contract sites during Working Hours
B) in the Insured’s Premises out of Working Hours 1) in all locked safes or strongrooms 2) not in a locked safe or strongroom
C) in the Insured’s residence or that of any of the Insured’s directors partners or employees
1) while in a locked safe or while an adult is in the residence 2) otherwise
2 Money as described in Interpretation 1B
3 Clothing and personal effects (not exceeding £25 per person in personal money) belonging to the Insured or any of the Insured’s directors partners or employees while engaged in the Business
4 Stamped or impressed National Insurance Cards
5 Any postal franking machine safe strongroom or any container or waistcoat used for the carriage of Money belonging to the Insured or for which the Insured is responsible
Exclusions The Company shall not be liable for
1) loss by theft by any director partner or employee of the Insured not discovered within seven working days of the occurrence
2) shortage due to error or omission 3) loss from an unattended vehicle 4) loss due to the use of counterfeit Money 5) loss or damage arising from riot or civil commotion in Northern Ireland
6) loss or damage not within Great Britain Northern Ireland the Republic of Ireland the Channel Islands or the Isle of Man
7) loss destruction or damage directly occasioned by pressure waves caused by aircraft or other aerial devices travelling at sonic or supersonic speeds
8) loss or damage arising from war invasion act of foreign enemy hostilities (whether war be declared or not)civil war rebellion revolution insurrection or military or usurped power
9) loss or destruction of or damage to any property whatsoever or any loss or expense whatsoever resulting or arising therefrom or any consequential loss directly or indirectly caused by or contributed to by or arising from
i)ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel
ii)the radioactive toxic explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof
£500 £250
£250,000
£250 per person Unlimited
Unlimited
£4,000
£1,000 in total £250
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