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a) Loss,
destruction or damage to money inclusive of wages & salaries by any cause
whilst in transit in charge of Insured messenger and/or employee as
detailed in the policy and within the territorial limits until arrival at the
Insured premises and/or other places of disbursement.
b) Loss
of money drawn as wages and salaries by any cause whilst in the Insured
premises and until paid out.
c) Loss
of money by any cause whilst in the Insured premises in locked safe or
strong room and also damage to the safe or strong room caused by burglars and
thieves.
The proposer should indicate
the estimated amount of money in transit during the period of insurance. This
is the amount on which the deposit premium is calculated initially at a fixed
rate but the premium is finally adjusted at the end of each year of insurance
in accordance with the actual amount in transit which must be correctly
declared by the Insured.
The policy is subject to
certain standard exclusions like Riot & Strike, shortages due to errors
or omissions, etc.
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