Mercantile Robbery Insurance
Coverage available under two forms for actual or attempted robbery of money, securities or other property. Under the First Form the policy covers if the robbery is committed on the premises of the business. The Second Form covers if the robbery is committed against a messenger of the business off its premises. An endorsement can provide coverage if employees have property of the business in their custody at home, and this property is lost through robbery or burglary. This policy has generally been replaced by current COMMERCIAL CRIME COVERAGE FORMS.
Popular Insurance Terms
Coverage up to specific limits for payments demanded by kidnappers for the release of an insured held against his or her will. Most ransom insurance policies have a deductible and exclude ...
Rate of return computed by dividing the current annual dividend (if a stock) or annual coupon amount (if a bond) by the amount paid for that financial instrument. ...
Provision used to avoid duplication of coverage in other policies; to eliminate coverage for property under the care, custody, and control of an insured business; as well as to avoid ...
1% of the loan amount paid to the lender for making a loan. ...
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Average earned monthly income of the insured wage earner after regular earned income has been interrupted or terminated because of illness, sickness, or accident. This income amount is ...
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