Money And Securities (Broad Form) Rider

What Does Money And Securities (Broad Form) Rider Mean?

A Money and Securities (Broad Form) rider is a type of insurance coverage that protects against losses due to the theft of money or securities from the insured’s premises.

This coverage was particularly important for businesses that stored significant assets on their premises. However, the rider is now considered obsolete, as it has been largely replaced by more comprehensive types of business insurance that offer broader protection.

Insuranceopedia Explains Money And Securities (Broad Form) Rider

The Money and Securities (Broad Form) rider was designed to protect businesses that might be targeted for theft due to the valuable securities or large reserves of cash held at their locations. In addition to covering the business premises, the rider could also extend coverage to the company’s bank or safe depository, safeguarding against theft in those locations as well. Today, most of what this rider once did is folded into standard commercial property insurance policies, which typically bundle theft protection with building and contents coverage.