A standard Burglary Policy provides indemnity for loss or damage to the insured property resulting from theft or attempted theft, following forcible or violent entry into/from the insured Premises. Damage to the property as a result of the break-in is also covered.

The coverage may be extended to cover "Full Theft" i.e. theft not evidenced by forcible or violent entry/exit. Additional premium will be charged and excess imposed for this extension.

How much to insure for?

• Full Value
The sum to be insured should represent the full value of the property at risk. For stocks-in-trade, such value should reflect their cost price.

• First Loss Basis
Where the nature or amount of property is such that it is impossible for it to be stolen all at once, the insurance can be on a "First Loss" basis whereby the sum insured represents only a portion of the full value of the property at risk.

Main exclusions

• War and warlike perils, terrorism, civil commotion, riot and strike.
• Radioactivity and nuclear risks.
• Any shortage arising from errors or omissions or revealed only at the time of stocktaking or making of an inventory, and not identifiable with a specific occurrence insured.
• Damage to Plate Glass.
• Any shortage arising from errors or omissions or revealed only at the time of stocktaking or making of an inventory, and not identifiable with a specific occurrence insured.
• Loss or damage caused by fraud and dishonesty or with the assistance of a member of the Insured's hold or any of his employees or by any person who is lawfully on his Premises.

Main condition

• Adequate protection for the property insured has to be provided.

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	Fire A Fire Policy provides indemnity for loss or damage to insured property resulting from the perils such as fire, lightning and explosion.