Burglary Insurance Nigeria : Benefits and Policy Exclusions

Burglary Insurance Nigeria

Buglary Insurance reduces the high occurrence of break-ins, theft at homes, offices, warehouse, industries or shops, which can cause a huge setback, liquidation, and sometimes dissolution of business companies. This insurance is known as burglary and housebreaking insurance is a way of protection in order to reimburse an insured for the losses caused during the course of burglary and theft action. This insurance policy safe keeps peoples properties and makes you relax your mind when a theft and burglary case affects you.

Categories of Properties Covered by Burglary Insurance

  • Cash, jewelry, valuables, and securities if specifically covered.
  • Damage to premises resulting from burglary and/or housebreaking or any attempt at burglary.
  • Stocks, furniture and other property (owned by the insured) in the business premises.
  • Stocks held in trust/ commission and for which the insured is responsible, if specifically covered.

Key Benefits of Burglary Insurance

  • Coverage for death, permanent total and partial disability, and temporary disability of employees whilst at work if specifically covered.
  • Designed specifically to cover your business premises against burglary and housebreaking.
  • Policy can be extended to cover riot, strike, malicious damage, and theft.

Risk Cover

  • The policy can be extended to cover riot, strike, malicious damage, and theft. Further, policies can be issued on declaration basis and on floater basis for stocks.
  • Loss or damage to insured property due to burglary and/or housebreaking
  • Damage to premises during burglary or attempts at burglary

Policy Exclusions

The burglary insurance policy will not pay for the following damages or losses.

  • Consequential loss or legal liability of any kind.
  • Riot, strike, and malicious damage unless specifically covered.
  • War threats and nuclear perils.
  • Losses recoverable under fire
  • Loss of goods held in trust/ commission, jewelry, curios, title deeds, business books, unless specifically covered.
  • Burglary without any forcible entry.
  • Shoplifting or acts were insured or his/her family members or employees are involved.

Key Benefits of Burglary Insurance

  • Coverage for death, permanent total and partial disability, and temporary disability of employees whilst at work if specifically covered.
  • Designed specifically to cover your business premises against burglary and housebreaking.
  • Policy can be extended to cover riot, strike, malicious damage, and theft.

Risk Cover

  • The policy can be extended to cover riot, strike, malicious damage, and theft. Further, policies can be issued on declaration basis and on floater basis for stocks.
  • Loss or damage to insured property due to burglary and/or housebreaking
  • Damage to premises during burglary or attempts at burglary

Policy Exclusions

The burglary insurance policy will not pay for the following damages or losses.

  • Consequential loss or legal liability of any kind.
  • Riot, strike, and malicious damage unless specifically covered.
  • War threats and nuclear perils.
  • Losses recoverable under fire
  • Loss of goods held in trust/ commission, jewelry, curios, title deeds, business books, unless specifically covered.
  • Burglary without any forcible entry.
  • Shoplifting or acts were insured or his/her family members or employees are involved.

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