Cash in transit
INTRODUCTION:
-The proposal form forms the basis of the contract.
- The consideration for indemnity being premiums.
- Upfront payment of premiums is mandatory before commencement of cover.
RISK: Loss of money which includes cash or currency notes occasioned by robbery or theft or any cause whilst in transit or in premises.
COVER:
-Money in Transit.
-Money in premises during and after business hours while locked in drawers.
-Money with the directors at residence or in transit.
- Money with authorized staff.
- Money in locked safe. - Money with the tellers at the counters or locked drawers. - Value of safe or strong room.
- Unused local Authority, NSSF, or NHIF stamps.
EXCLUTIONS:
- Theft of Money from unattended motor vehicle.
- Loss due to error or omission.



