Salient Feature

Broadly speaking any kind of movable property like stock, stock-in-trade, goods in trust, plant and machinery, fixture, fittings etc. can be covered under Burglary Business Premises Policy so long these are reasonably protected.

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Scope of Cover

The Policy covers loss or damage to property by theft following burglary or housebreaking which means that to establish a claim there must be visible signs of felonious entry or exit from the premises by violent and forcible means.

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First Loss Insurance

In cases of insurances of large warehouses and stores where the value of stocks is considerable and of bulky nature rendering a full loss very unlikely, a First Loss policy may be given.

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Premium Rating

1. Cash and/or Valuable in Locked Deposit Vaults/Strong Room of Banks and Safe Deposits        0.125%

2. Cash and/or Valuables in Locked Standard Burglary Resisting Safes other than above                 0.30%

3. Cash in Locked Cash Box in Locked Cupboard not exceeding Rs.2500/-                                           0.50%

4. Heavy stock (like Machinery) and other bulky goods                                                                   0.20% to 3.5%

5. Curious, Liquor, Metals, Motor, Vehicle Parts, Pens, Photographic Suppliers

    and Studios, Readymade Garments, Radios & T.V. Sets and the like including

    Articles of High Value in small compass                                                                                     0.50% to 0.75%

6. Other General Goods                                                                                                                       0.25% to 0.50%