|Money like any other property is susceptible to loss and damage and this insurance exist to cover such mishaps. The Physical movement of money and keep in a safe have always been matter of concern. This insurance provides loss or or damage of money due to any reasons except a few exclusions specified in the policy.
The Terms Money includes Bank Notes, Currency Notes, Current Coin, Cheques, Postal Orders, Money Orders and Current Postage Stamps.
The following extensions are available but not limited to:
Usual duration of the policy is 12 months.