Money Insurance is essential for businesses handling cash transactions, providing vital protection against various risks associated with transporting and storing money. With comprehensive coverage options and additional extensions, businesses can ensure their financial security and mitigate the impact of unexpected losses.
Information Required
To obtain Money Insurance, provide the following information:
- Maximum Limit for Transit: The highest amount of money to be covered during any single transit.
- Transit Details: Frequency and route of money transit (daily, weekly, or monthly).
- Annual Transit Estimate: Total estimated value of money transported annually.
- Safe Specifications: Details of safes or strong rooms, including make, model, lock type, and dimensions.
Key Coverage
- Loss of Money in Transit: Protects against the loss of cash while being transported between locations, such as from business premises to the bank.
- Loss of Money at Premises: Covers loss of money stored at the business premises during and outside business hours, including specified safes or strong rooms.
- Loss in Custody of Authorized Employee: Protects money in the custody of an authorized employee during transit or at specified locations.
- Damage to Safes or Strong Rooms: Covers the cost of damage to safes or strong rooms resulting from theft or attempted theft.
Additional Extensions
- Riots and Strike: Coverage can be extended to include loss of money due to riots and strikes.
- Personal Accident/Assault: Covers personal accidents or assaults on employees while transporting money.
- Loss of Keys: Provides coverage for the cost of replacing keys in the event of theft or loss.
Benefits
- Financial Security: Ensures that businesses are protected against the financial impact of losing money due to theft or other covered risks.
- Comprehensive Protection: Offers extensive coverage for various scenarios involving the handling and storage of money.
- Peace of Mind: Provides business owners with confidence and security, knowing that their cash assets are safeguarded.
Coverage Details
- Policy Limits: The maximum amount the insurer will pay for any single claim or during the policy period, based on the insured’s requirements.
- Exclusions: Common exclusions may include loss due to employee dishonesty (unless specifically covered), accounting errors, or unexplained disappearances.
Requirements for Coverage
To obtain coverage, please provide the following:
- Premium Payment
- Fully Completed Proposal Form
- Copy of Identification (ID)
- Copy of Taxpayer Identification Number (TIN) Certificate/Valid NIDA ID
In the Event of a Claim
For assistance with your claim, please contact us at:
- Phone: +255 718 422 229
- Email: claims@bluetickinsurance.com
Minimum Claim Requirements
To process your claim, please provide the following documents:
- TIN Number/Certificate/Valid NIDA ID
- Completed Claim Form
- Any Additional Documents Requested
Ensure that you have all required documents to facilitate a prompt and efficient claims process.
