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It is hereby declared and agreed that, notwithstanding Exception “Excluded Property 1(a)”, the insurance under this policy is extended to include loss or damage to the Money and Property described in Items i to v below, occurring at the locations defined below during the period of insurance, subject to :

  1. the insurance by items iii and v only applying to loss or damage due to robbery or theft or attempt threat;
  2. the Company’s liability in respect of any one occurrence or number of occurrences arising directly or indirectly form any one source or original cause shall not exceed the limits of liability shown below :

Item no.

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  1. i) Money as described in Definition I(a)
  1. in the Insured’s Premises whilst open for business (including money in any vending machine) 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 whilst they are open for business
  • in the Insured’s Premises whilst closed for business
  1. in a locked safer or strongroom
  2. Not in a locked safe or strongroom
  1. c) in the Insured’s residence or that of any of the Insured’s directors partners or employees whilst in an locked safe
  1. Money as described in Definition i(b)
  • Clothing and person effects (not exceeding US$200 per person in personal money) belonging to the Insured or any of the Insured’s directors partners or employees whilst engaged in the Insured’s business
  1. Stamped or impressed National Insurance Cards or Similar financial


  1. Any postal franking machine safe strongroom or any container or waistcoat used fro the carriage of Money belonging to the Insured or for which the insured is responsible

Limit of Liability

Any one loss

                            US$ 10,000


The Company shall not be liable for

  • Any loss arising form fraud or dishonesty of the director partner employee of the Insured
    • Not discovered within seven working days of the loss;
  1. covered by an existing fidelity guarantee insurance
    • any shortage due to error or omission;
    • any loss form an unattended vehicle unless all locks, alarms, steering Immobilizers and other physical protections are put into effect;
  • any loss arising from depreciation in value dishonoured cheques or due to the use of counterfeit Money;
  • loss destruction or damage directly occasioned by pressure waves caused by aircraft or other aerial devices traveling at sonic or supersonic speeds
  • any loss of Money contained in coin and similarly operated gaming and/or amusement machine
  • 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
  • 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;
  • ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear water from the combustion of nuclear fuel
  • The radioactive toxic explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof
  • The first US$ 250 of each and every loss


Money shall mean

  1. Cash bank noted currency noted uncrossed cheques (including uncrossed giro cheques giro cash cheques and travelers cheques but excluding pre-signed blank cheques) uncrossed bankers draft uncrossed postal orders uncroosed money orders current postage and revenue stamps National Insurance stamps (not fixed to cards) National Savings stamps bills of exchange luncheon vouchers consumer redemption vouchers Holiday with Pay stamps gift tokens trading stamps;
  2. Crossed cheques (including crossed giro cheques and draft but excluding pre-signed blank cheques) crossed banker’s drafts crossed postal orders crossed money orders unused units in franking machines National Savings Certificated Premium Bonds credit Company sales vouchers VAT purchase invoices

Belonging to the Insured for which the Insured is responsible and pertaining to the Business.

Special Conditions

It is a condition precedent to the Company’s liability for loss or damage that

  1. Whenever the Premises are left unattended
  2. all locks bolts and other protective devices are in full operation
  3. all keys (including those relating to any part of the Intruder Alarm System) other than keys to safes or strongrooms containg money are :
    • removed from the Insured’s Premises or
    • placed within a locked safe or strongroom the keys to which are themselves removed form the Insured’s Premises
  1. b) Whilst the premises are closed for business, all keys and notes of combination lock letters and numbers of safes and strongrooms containing Money are removed from the Premises


If at the time of any claim under this extension the insured if or would but for the existence of this extension be entitled to indemnity under any other policy or policies the Company shall not be liable except in respect of any excess beyond the amount which would have been a payable under such other policy or policies had this extension not been effected.

Fixed Glass Extension

Notwithstanding the conditions stated in Excluded property 1(b) of the policy, this policy is extended to cover accidental damage to fixed glass situated in the Insured’s premises The Company liability under this extension is limited to US$ 100,000 in the aggregate during the policy period Subject otherwise to the terms and conditions of this policy

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