Why Money
Insurance

Benefits at a glance. 

You can choose to insure the loss of your money for either, or both:

• While it is in transit.
• Within the premises.

1. Transit risk (loss of money outside the premises)

You are covered for the loss of money by its:

• actual destruction,
• disappearance,
• wrongful abstraction (robbery),

while being handled by authorised personnel. You have to assess the highest amount carried, as this represents the limit of liability for any one event.

2. Premises risk (loss of money inside the premises)

You are covered for the loss of money due to theft or robbery:

• within the described premises.
• for money kept in a locked safe, strong room and other receptacles.

You have to assess the highest amount of money kept in the premises at any one time as this represents the limit of liability for any one event.

In addition, you are also covered for the cost of repair or replacement of the safe, strong room or other receptacles – for an amount up to RM1,000 associated with theft or attempted theft.

1. Transit Risk
You are covered for the loss of money by : - its actual destruction

•  disappearance
• wrongful abstraction (robbery)
• whilst in transit by you or your authorised personnel. 

2. Premises Risk
You are covered for the loss of money kept within the premises and in locked safe, strong room and other receptacles due to theft or robbery 

Your premium may vary, depending on

• The limit of liability
  For transit risk, you have to assess the highest amount carried at any one time and as for premises risk, you have to assess the highest amount of money kept in the premises at any one time
  
• Risk exposure
  
• Our underwriting requirements

Note:
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.