Coverage of the Month

Money Securities Coverage

Coverage is provided for loss due to theft, disappearance, or destruction of money and securities used in the insured’s business. Coverage applies when the money and securities are on the described premises; in a bank or savings institution; in the living quarters of the insured, partners, or employees; or in the transit between any of these covered locations.

A typical properly policy will not provide any Securities Coverage, but must insurers will allow coverage to be added via endorsement. A typical limit would consist of $10,000 On Premise, $5,000 Off Premise.