1.

Explain the various exclusions from Theft Insurance policy.

Answer»

The theft insurance policy would generally not cover the following losses/damages:

  • Acts involving the family members or employees of the Insured 
  • Due to war perils, riot & strike, natural calamities and nuclear perils. 
  • For items stolen from a safe using a key or duplicate key unless it is obtained by violence or threat.

This list is not exhaustive. However some of the risks mentioned above may be covered by payment of additional premium



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