What is Burglary Policy?
This policy covers loss or damage of property as a result of a burglary. We cover a burglary that is visibly forced and violent entry into or exit out of the premises with intent to commit theft in the insured premises. Watchman Warranty as a security measure is a standard requirement for this policy.
Full Value Basis - this means you are insuring your property based on the actual value of the property. This basis is adopted if you feel that there is a high possibility of the entire insured property being stolen at any one time.
First Loss Basis - this means you are insuring the maximum probable theft loss at any one time. This basis is adopted if you feel that it is highly impossible of the entire insured property being stolen at any one time.
The sum insured represents the amount you have chosen to insure, either on Full Value Basis or First Loss Basis.
- Theft consequent upon actual forcible and violent entry upon the said premises or committed by any person or persons feloniously concealed thereon
- Damage to the premises due to theft or attempted theft
This policy covers you against the following events happening during the period of insurance. The loss of your insured property whilst contained in the specified premises by:
