Money Insurance

Money to be insured to protect it from unknown hold ups, random snatching away or theft by breaking doors or glass of the mode of transport used by the carrying person. It should also provide insurance while the cash is carried from one place to other, be it from the premises to the bank and vice versa. Money Insurance is on All Risk basis, and insurance cover is for cash, cheque and certain other financial negotiable instruments. Money deposited in a strong room or in safe box during the working hours or non-working hours, while the premise is closed for business is also to be insured.