Insurance for funds stored in a safety deposit box and during transfer

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Insurance for funds stored in a safety deposit box and during transfer.

Financial insurance offers to indemnify the insured for damage to the business’s financials while stored in the safe or during transit.

Possible coverage:

The insured property: Cash, checks, deeds, notes, and various tradeable documents.

Insured risks:

In financial policies, there is a difference between the coverage for funds stored in the safe and coverage for funds during transit.

In the safe: Fire, burglary, robbery.

In transit: ‘All-risk’ basis, i.e., coverage of any unexpected accidental damage.

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