Burglary Insurance

Property Insurance

Product Overview

Theft and burglary can severely impact your business finances. Burglary Insurance allows you to protect your properties from incidents of theft at your premises.

Key Coverage

This policy offers coverage
for the following basic perils

Theft by Actual Forcible Entry or Exit to the Insured’s Business Premises

Theft or Any Attempted Theft by a Person Feloniously Concealed on the Said Premises

Damage to the Building Due to Theft or Attempted Threat

Hold Up or Armed Robbery

The policy provides two different
options for insuring your property:

Full Value Basis

This basis is adopted when there exists a possibility of your entire property insured being stolen at any one time. You must ensure adequacy of the sum insured since the insurance will be subject to the Average Clause when you will not be fully indemnified at the time of loss if the property is under insured.

First Loss Basis

This basis is adopted when it is not possible for your entire property insured to be stolen at the same time. The Sum Insured shall be based on your assessment.