This policy is required where total loss of insurable property is possible in case of burglary or housebreaking. First loss Insurance: If full loss is not probable the property can be insured on first loss basis. In that case the condition of average or under insurance will not apply.

Any loss or damage to property or its any part while contained in the premises described in the schedule due to Burglary /House breaking. Damage caused to the premises/locks to be made good by the insured resulting from burglary and / or house-breaking or any attempt there at any time during the period of insurance.

Insurance for burglary and housebreaking at your business premises. Cover available on a first loss basis by way of judicious management of probable maximum loss assessment. Policy can be extended to cover riot, strike, malicious damage, and theft. Several variations such as floater policy, declaration policy, and floater declaration policy available.

Property such as stocks and furniture owned by the insured on the business premises is covered. Stocks held in trust or on commission for which the insured is responsible are covered if specifically declared. Damage to the premises resulting from burglary, housebreaking, or any attempted burglary is also covered. In addition, cash, jewelry, valuables, and securities kept in a locked safe or a locked cash box inside a secured steel cupboard are covered only if specifically endorsed.

The replacement cost of damaged property as an alternative of the book value can be provided by the factory and warehouse insurance policy in India.

With this variant of burglary insurance policy, you can get coverage for robbery, dacoits, house­breaking, and hold-up.

If the burglary involves stealing of cash that was kept in a burglar-proof safe. Compensation will be provided if the policyholder keeps the cash in a safe and secure manner. The following clauses apply to the coverage provided.

Business houses can buy this type of burglary insurance policy to cover for loss or damage caused to the goods in trust, fittings, or stock-in-trade, machines and other tools like typewriters, computers, calculators etc. It also offers protection against other similar property, currency notes, and cash locked in safe. It also covers loss or damage to any part of the insured premises and its content after a burglary attempt.

Maximum age of applicant at loan maturity: 60 years

Minimum Net Monthly Income: Rs 15,000

Applicant should have the bank specified credit score.