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Burglary Cover

Burglary is unfortunately more traumatic than people think; nevertheless you can have the peace of mind by securing your property against the risks of burglary. The Burglary Insurance is availed in conjunction with the Fire & Lightning or Fire and Allied Perils in either combined or separate contracts the later of which would require that a Fire insurance policy be in force. This also includes damage to property contained in your premises by acts of Burglary and or Housebreaking.

The Burglary insurance covers losses and/or damages due to "Housebreaking". This means:

- Theft of property from Insured's Premises following upon felonious entry to the said premises by violent and forcible means or,
- Theft by a person in the premises who subsequently breaks out by violent and forcible means provided there shall be visible marks made upon the premises at the place of entry or exit by tools, explosive electricity or chemicals .

The Sum Insured may be either on the basis of the actual value or the new replacement value of the property but should be adequate to cover the total exposure. The Insured should be able to provide the sum Insured but may seek help of our underwriters to determine how to do so. There is also an opportunity for insuring goods/stock on First Loss Basis. Determining the Sum Insured is very crucial and needs to be given accurately in order to avoid the application of the average clause in case of a claim.

The rate chargeable is always applied on "Per Mille" basis (for every thousand units) on the Total Sum Insured and is very dependant on the nature of risk, location and the housekeeping. A deductible will apply on each and every loss for each and every loss in addition to other conditions