Burglary With theft Protection
This policy covers the insured person against loss or damage to the properties contained within his business premises due to burglary and/or housebreaking. The value of goods for taking insurance under this policy should be their current market value.
Following points have to be taken into consideration while taking the above covers:
The sum insured for:
For Office Building: It should be the Present Cost of Construction.
For Machineries & Office contents: It should represent the cost of reinstatement of
the property of a new one of the same type and capacity (Current Cost of
Replacement).