Money is exposed to mishaps such as .loss and damage like any other property and to protect against the risk of loss of money AWNIC offers insurance protection under “Money Insurance Policy”:

Money insurance is an “ all risks” cover with some exclusions for which a reference may be made to the printed policy.

Essentially Money would mean cash, notes, cheques, and securities for money, stamps and the like.

The cover is available for “money” against all risks whilst:

•  It is in transit from premises to bank and vice versa
•  In safe in office premises
•  Out of safe during working hours
•  In a bank’s safe
•  In the care & custody of company’s designated staff

Other Extensions incidental to Money Insurance can also bought which can be tailor made to the exact requirements of the customers.

In granting “Money Insurance Cover”, the factors taken into consideration are:

Limits on:

•  Estimated annual carrying
•  Maximum limit for any one carrying
•  Maximum limit for safe-keeping at any given time.

The rate chargeable is always applied on "Per Mille" basis (for every thousand units) on the Estimated annual carrying and limit of money in safe/premises. The charges are dependant on the nature of risk, location and the security measures in place. For a thorough understanding of the product, a reference may be made to the printed policy or advice sought from the Technical Staff.

The main exclusions under the policy are:

• Theft by own employees
•  Money out of safe
•  Loss from premises following use of a key unless key is obtained by  violence or threat
•  Shortages due to errors of omission and commission
•  War etc., risks

Quotation will be offered on submission of a duly completed proposal form to the company. For further details please call us on our telephone or ask for a call back.