Storekeeper’s Burglary And Robbery Insurance
What Does Storekeeper’s Burglary And Robbery Insurance Mean?
Storekeeper’s robbery and burglary insurance is a comprehensive package that combines various insurance coverages into one policy, providing protection for the storekeeper against losses and damages to assets and property caused by several criminal hazards. These hazards include robbery both inside and outside the business premises, kidnapping, safe burglary, theft, forcible taking of the insured’s property, and damages to the premises and any property owned by the insured.
Insuranceopedia Explains Storekeeper’s Burglary And Robbery Insurance
Storekeeper’s burglary and robbery insurance covers losses caused by these various hazards, provided that the losses are not the result of fraudulent or dishonest acts by the owner or their authorized representative. For example, the policy will cover the loss of money due to robbery, both inside the premises and while the money is in the possession of the insured. Additionally, the policy will cover damages to the premises, as long as the damages are caused by the hazards specified in the policy. However, the policy will not compensate for property damages caused by fire.
