Money Insurance

Money Insurance - Lion Assurance insurance and cover products

What is Money Insurance?

This product covers and insures against loss or damage to money (which includes cash, cheques, and other negotiable instruments) from all risks of loss on the insured’s premises and/or in transit to and from the bank

Here is a summary of what it can cover*

  • Money which includes cash, bank notes, cheques, Money orders, and postage stamps

* Terms and conditions apply.

This policy does not cover the following*

  • War and related risks
  • Shortages due to clerical or accounting errors
  • Loss from safe by use of original keys or duplicate keys unless such keys have been obtained by violence or threat of violence
  • Theft or dishonesty of own employees
  • Theft from unlocked safes or strong-room whilst the portion of the premises containing such safe/strong-room is unattended

* Terms and conditions apply.

This policy requires the following*

  • Estimate money in transit to or from premises to the bank
  • Money in the premises during and after working hours
  • Loss from safe by use of original keys or duplicate keys unless such keys have been obtained by violence or threat of violence
  • Money in the hands of authorized officials or Directors
  • Estimated Annual Transits

* Terms and conditions apply.