Every organisation is at risk from burglary, housebreaking, etc. and such behavior.
To ensure that an organisation does not suffer from significant losses or damages
from the same, HDFC ERGO gives you comprehensive financial coverage.
The policy broadly covers burglary, theft (following actual, forcible and violent
entry of and/or exit from the premises) including hold-up risk and damage caused
to premises.
- Any loss of or damage to property belonging to the Insured or held in trust or on
commission for which he is responsible or any part thereof whilst contained in the
premises described in the Schedule hereto due to burglary or house-breaking (theft
following upon an actual forcible and violent entry of and/or exit from the premises)
or hold-up;
- Damage caused to the premises resulting from burglary and/or housebreaking or any
attempt thereat, any time during the period of insurance upto 5% of the Sum Insured
for all contents.
Provided always that the liability of the Company shall in no case exceeds the sum
insured stated against each item or total sum insured stated in the Schedule.
Sum insured must represent market value of the property insured which means current
replacement value of the item as new at the time of loss or damage less due allowance
for betterment, wear & tear and obsoleteness.
- Gold or silver articles, watches or jewellery or precious stones or models or coins
or curios, sculptures, manuscripts, rare books, plans, medals, moulds, designs,
deeds, bonds, bills of exchange, bank, treasury or promissory notes, cheque, money,
securities, stamps, collection of stamps, business books or papers, unless specifically
insured.
- Any goods lying in open unless specifically insured.
- Infidelity of inmate or member of the Insured’s household or his business
- Riot and strike, civil commotion, terrorist activities, earthquake, flood, storm,
volcanic eruption, typhoon, hurricane, tornado, cyclone or other convulsions of
nature or atmospheric disturbances.
- War, warlike perils
- Ionising radiation or contamination by radioactivity
- Weapons material
- Use of the key to the safe or any duplicate thereof belonging to the Insured
- Loss or damage attributable to willful /gross negligence
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