This isi dummy content Pays/indemnifies the insured against the loss of money by forcible, violent, external and visible means such as burglary, armed hold-up actually occurring during the period of insurance stated in the schedule whilst in premises, transit and/or strong room or on counter or a limited amount as stated in the schedule on the body of the insured or the body of the named employee of the insured this isi dummy content.
Building, stock, furniture & fittings and contents are insured against Fire, Explosion, Lightning, Earthquake, Riot & Strikes, Malicious Damage, Storm, Flood, Burst Pipes and Impact and other natural perils.
Other related risks like malicious damage, damage by objects falling from aircraft, etc., can also be covered under this policy.
Underwriting Guidelines
- Duly filled in and signed proposal form to be submitted.
- A list of all items must be obtained with information on value and any identification on them such as make and serial number where available.
Claim conditions
- To notify Insurer immediately in case of a loss
- To report the occurrence to police
- To take reasonable precautions to avoid loss
- If fraud is suspected, all benefits under the policy are forfeited
- Claims are subject to contribution, average and subrogation.
Pays loss of or damage to the property or any part thereof contained within the premises specified in the schedule or any damage to the premises for which the insured is legally responsible following housebreaking involving:
"Violent or forcible entry to or exit from the premises causing visible damage to the premises or part thereof."
- A duly filled in proposal form to be signed and submitted
- Under insurance and contribution apply.
Exclusions
- Dishonesty on the part of employee/s
- Theft of money and other securities
- Mysterious disappearance
- Loss of or damage due to fire or natural perils
- Theft that is not forceful e.g. use of a key, shoplifting or use of a trick.
As the name suggests, provides cover to residential buildings against fire and allied perils, the contents in the building, all risks cover to valuables, workmen compensation for domestic workers, owner’s liability and tenant’s liability.
- The building is covered against the following risks:
- Natural causes e.g. earthquake, storm and tempest, lightning etc.
- Human causes e.g. riot and strike, malicious damage, theft etc.
- Chemical related causes e.g. explosion of domestic gas cylinders etc.
- Miscellaneous caused e.g. bursting and overflowing of water tanks, apparatus, pipes and impact by road vehicles and animals.
Contents Section
Contents are defined as consisting of furniture, household goods and personal effects of every description, the property of the insured or any member of his family normally residing with him, and fixtures and fittings, the insured’s own or for which he is legally responsible, not being landlord’s fixtures and fittings.
Additional Sections (Extensions)
All Risks section
This section provides very wide cover in respect of specified portable items, which are, carried outside the house e.g. cameras, radio, jewellery etc. This section covers risks like accidental damage and theft that’s not forceful. Workmen’s’ Compensation Section(recently amended Oct 07). This covers domestic servants e.g. house helps, watchmen, shamba boys and chauffeurs. The cover provided is in respect of injury, death or disease arising out of and in the course of employment.The Workmen’s’ Compensation Act 1987 requires all employers to compensate employees who are injured or die or contract diseases arising out of and in the course of employment.
Liability Section
This section covers third parties who sustain injury or die whilst at the private dwelling house due to the negligence of the owner or occupier.
Exclusions
- This policy has several exclusions as follows:-
- Homes located in and around slum areas
- Temporary and semi-permanent houses e.g. timber and mabati houses
- Loss or damage caused by a member of the household
- Loss or damage caused when the home is left unfurnished or unoccupied for more than 30 consecutive days
- Damage to electronic and electrical items caused by power fluctuations.
Claim Conditions
- To notify Insurer immediately in case of a loss
- To report the occurrence to police
- To take reasonable precautions to avoid loss
- If fraud is suspected, all benefits under the policy are forfeited
- Claims are subject to contribution, average and subrogation.
Provides cover against accidental loss or damage to specified items including theft that is not forceful. This covers items that are prone to accidental damage and items that are portable e.g. laptop computers, valuables, mobile phones and fixed phones. This cover provides additional cover to that provided under fire and burglary sections.
Underwriting Guidelines
A schedule of all items must be provided including serial numbers and replacement values.
Exclusions
- Loss or damage to money or securities
- Loss due to theft by employee
- Loss or damage arising from tear and wear.
This covers the insured for loss of money or stores/stocks as a result of misappropriation by a member of staff
Underwriting Guidelines
- Limits of liabilities
- Occupations of insured persons
- Systems of checks and balances in place references
Claim conditions
- To notify Insurer immediately in case of a loss
- To report the occurrence to police
- To take reasonable precautions to avoid loss
- If fraud is suspected, all benefits under the policy are forfeited
- Claims are subject to contribution, average and subrogation
- An investigator is appointed in most cases
- The insurer must be satisfied that all warranty conditions were adhered to.
- Losses must be discovered within three (3) months
Exclusions
- Consequential loss of any kind
- Losses outside the territorial limits
Pays/indemnifies the insured against the loss of money by forcible, violent, external and visible means such as burglary, armed hold-up actually occurring during the period of insurance stated in the schedule whilst in premises, transit and/or strong room or on counter or a limited amount as stated in the schedule on the body of the insured or the body of the named employee of the insured.
Required information
- Estimated annual carrying
- Transit limits
- Premises limits
- Methods of storage of money
- Methods of transportation of money
- Number and designations of people handling cash
- Claim history
- Details of escort service.
Exclusions
- Fraud/dishonesty by employee
- Loss due to clerical or accounting errors
- Loss occurring outside geographical scope.
- Falsification of books.
