Damages or losses of the goods and items that are directly or indirectly associated with the business or trade as a result of housebreaking, theft or burglary have always been a night mare for many business owners. So in this regard, to provide security to the businessmen against such odds, Royal Sundaram Alliance Insurance has launched a special insurance package which is known as Theft/Burglary Insurance.
About the insurance
Theft/Burglary Insurance is one of the most effective and demanded insurance policies in the country. This policy is specifically devised to provide cover to several goods and items that are associated directly or indirectly with the commercial purposes against any loss or damage that may occur as a result of any theft and burglary. In other words, this insurance policy provides cover against any burglary or housebreaking by either violent or forcible entry into/ exit from the premises and hold-up.
The important thing to remember here is that Theft/Burglary Insurance provides insurance cover only to the goods and items that are associated with business or trade of a person and is kept in the office, factory premises. The policy will not provide cover to any goods and items that are solely used for any personnel purpose or are kept in any residential buildings.
What are covered?As per the provisions laid down by the Royal Sundaram Alliance Insurance, the Theft/Burglary Insurance will basically provide insurance cover to certain items which include:
- Furniture, fixtures & fittings
- Any goods that are held on commission or in trust and for which the insured is responsible.
- Stock in trade.