Money shall mean cash, bank and currency notes, cheques, holiday stamps, credit card vouchers, and documents, certificates or other instruments of a negotiable matter, your property or for which it is responsible.
This policy is designed to provide coverage for loss of or damage to money;
  1. On the premises during business hours
  2. On the premises after business hours (In safe/Strong rooms)
  3. And in Transit
  • Money
  • Major Loss Limit: P 10,000.00
  • Crossed Cheques: P 100, 000.00

Safe requirements
Note: Limit of cover according to the grading of safes as follows;
  • No SABS Grading
  • SABS Category 1 Grading
  • SABS Category 2 Grading
  • SABS Category 2 HD Grading
  • SABS Category 2 ADM Grading
  • SABS Category 2 ADM Grading D3
  • SABS Category 3 Grading
  • SABS Category 4 Grading

Scope of cover
Loss of or damage to money on your premises and transit to and from the bank.

Extension of Cover
  1. Receptacles and clothing
  2. Locks and keys
  3. Riot and strike
  4. Skeleton keys – use of skeleton keys
  5. Personal Accident [Assault] cover as a direct result of theft or any attempt thereat.

Loss resulting from or contributed by, any definite event by;
  1. Dishonesty of any principal, partner, director, employee not discovered within fourteen [14] working days.
  2. Shortage due to error or omission.
  3. Use of keys to any safe or strong room, unless the keys are obtained by violence or threats of violence to any person or are used by the key holder or any other person with the collusion of the key holder and proof can be shown to this effect
  4. In an unlocked safe or strong room
  5. In an unattended motor vehicle unless the attendant is inside the vehicle or within five [5] meters of it in a position from which the vehicle is clearly seen.