MONEY INSURANCE

Basically, a money insurance policy is an "all risk" policy.

The money insurance policy covers:

• Loss of money arising out of any cause and
• loss or damage to any safe or strong-room specified in the schedule or any case in which money is being carried, the property of the insured or for which the insured is legally responsible, caused by theft or attempted theft

Under the policy, money is defined as cash, bank and currency notes, cheques, postal orders, money orders, and current postage and revenue stamps