Definition of "Mercantile open-stock burglary insurance"
Kevin McEwen, Real Estate Agent
Weichert Realtors
Coverage for damage or destruction of property due to a crime, and property lost due to a burglary, whether successful or attempted. An endorsement provides coverage for robbery and theft of merchandise. Coverage is provided for merchandise, equipment, fixtures, furniture left in the open on the business premises. There is a coinsurance basis of 40 to 80%. This policy has generally been replaced by current commercial crime coverage forms.
Have a question or comment?
We're here to help.