Money and Securities (Broad Form) Rider
Definition - 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 from the theft of money or securities from the insured's premises.
This type of insurance was important for businesses that held significant assets on their premises. The rider is now considered obsolete, having been replaced by other types of insurance.
Insuranceopedia explains Money and Securities (Broad Form) Rider
The money and securities (broad form) rider was designed to protect companies that may be targeted for theft because of the valuable securities or large reserves of cash they carried at their locations. It could, however, also extend to the company's bank or safe depository.
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