Insurance against burglary and robbery

A quality policy is the only real form of protection against burglary and robbery - the events that unfortunately are not rare any more.

What can be insured by this policy?

Practically, the insurance covers:

• all movables (furniture, devices, supplies, small inventory and equipment),
• money and other means of payment, valuable things,
• money and other valuables during transfer and transport,
• personal belongings of workers, belongings of third persons received for repair or sale, taken on lease, taken in pledge or for keeping.

What is the property insured against?

By this policy your property is protected against:

• burglary,
• robbery (taking away by force or threat),
• attempt thereof,
• vandalism during burglary.

It is not necessary to wait to see if today's perpetrators are inventive - we already know that any kind of protection will prove to be insufficient. Insurance policy is the only sure protection against undesirable consequences after your premises have been broken into by means of various tools, including a tool intended for normal opening - in case this tool was obtained in illegal way.

Investing into the security of your property can bring you discount when concluding the insurance.

Money and other valuables are insured while at your premises, but also during transfer and transport, against:

• robbery,
• traffic accidents.

To which value you pay the premium?

If you want the coverage according to the total value of property, then the sum insured should be equal:

• for machines, devices and other movables - to the value of a new item, reduced by depreciation costs,
• for supplies - to the purchase price/cost price or market price, depending on the price.

With such choice of the sum insured, there is no annual limit of coverage neither with regard to the number nor to the amount of claim for damages.

Anyway, if you do not expect the most unfavourable scenario you may choose annual limit of coverage being exhausted by one or more damages - insurance at "first risk". By this type of insurance you achieve savings in premium, since the sum insured at "first risk" can be significantly lower than the total value of the insured property.

What part of damage does the insurer indemnify?

If you insure the property to the sum insured that corresponds to its total value, the insurer shall indemnify:

• in case of theft or destruction of property, their value (for which the premium was collected),
• in case of damage to property, the amount equal to costs of labour and material expenses required for repair.

If the insurance was concluded at "first risk", a loss shall be indemnified in full, while the limit of coverage will be reduced by indemnified amount until the expiration of insurance period.

How to avoid a reduction of indemnity?

A reduction of indemnity refers only to the value of remainder and depreciation (to which the premium is not payable). If the value was correctly determined and equal to the sum insured, the indemnity is equal to the actual damage.

With insurance at "first risk" there is no danger that the indemnity shall be reduced. If you wish, the partially exhausted sum insured at "first risk" may be increased for the remaining time of insurance.

What else can you expect from your insurer?

The insurance provides cover for the expenses incurred due to undertaking preventive measures.