BURGLARY INSURANCE
BURGLARY INSURANCE
This policy covers:-
- Theft by actual, forcible and violent entry
-
Theft or attempted theft by a person feloniously
concealed on the said premises - Hold-up or armed robbery
You can either insure your property on full value or first loss basis.
- Full Value Basis
This basis is adopted when there exists a possibility of your entire property insured being stolen at any one time. You must ensure the adequacy of the sum insured since the insurance will be subject to the average clause and you will not be fully indemnified at the time of loss if the property is underinsured. The correct sum insured should be what you consider to be the highest value at risk at any one time.
- First Loss Basis
This basis is adopted when it is not possible for your entire property insured to be stolen at the same time. The sum insured shall be based on your assessment.
NLA aims to get you the best insurances services
NLA was established in 1986.
We specialize in Corporate Employee Benefits, General Insurance & Motor Insurance solutions
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