This policy covers loss arising from forcible entry into and/or exit from the insured’s premises. The cover may be extended to include Hold up.
The policy also covers damage to the premises as a result of burglary or attempted burglary. The policy can be issued on Full value basis or First Loss sum Insured.
Under this arrangement the full value of the property is insured.
FIRST LOSS SUM INSURED
This is arranged in cases where insured cannot envisage a total loss. The nature of the property may be such that the full value at risk cannot be stolen at one time, and arrange cover on the maximum possible loss expected. A premium discount is allowed for this type of arrangement.