Money in Transit and in Safe
Cash and negotiable instruments lost in transit between premises and bank, or from a locked safe on the premises.
Also calledMoney Insurance
First thing, todayFIR immediately, and preserve the safe and its lock exactly as they are.
- Tell the insurer now, not after the assessment.
- The FIR the same day. An insurer will not move far without it.
- Every document within the time the insurer asks for it.
When you would claim
- Robbery of cash in transit to or from the bank
- Theft of cash from a safe by forcible entry
- Loss of cash held on the premises within business hours
What insurers most often rely on
- Cash held above the limit stated in the schedule
- Money left outside the safe or the safe left unlocked
- Loss during a journey outside the transit conditions in the policy
- No independent evidence that the cash existed
Every one of those is answerable, and several are decided by what was done in the first two days rather than by anything argued later.
The documents
most of it exists already10 items, and most of them exist somewhere in your own office already. Assemble them once and properly; a file sent in pieces takes three times as long to settle.
- Claim form and the FIR
- Cash book and the denomination-wise cash statement
- Bank deposit slips for the days either side
- Details of the person carrying the money and the route
- Photographs of the safe and its lock
- Statement of the employee involved
- Details of who held the keys
- Details of any other insurance covering the same risk
- A claim bill: the amount claimed, itemised, with the working behind it
- Cancelled cheque and bank details in the insured's name, for the NEFT payment
Next
Burglary Claim: The First 24 Hours, and what it shares with this
The burglary playbook covers the first night of this: the FIR the same day, and no tidying up before the surveyor has stood in the room.
Read the limit of indemnity
No sum insured and no average clause. A liability policy is capped by its limit of indemnity, written as one figure for any one accident and a larger one for the year, with defence costs sometimes inside that limit and sometimes outside it. Which of the two it is matters more than the figure.
Filed under: Property and engineering · Theft and dishonesty
Claims that sit next to this one
the same premises, or the same eventBurglary and Theft
the same event, the other kind of property
Fidelity Guarantee
when the money leaves with somebody you employ
Jewellers' Block
small, valuable, and carried
Been broken into and the list will not reconcile? Report a loss or call 92514 56334.