This class of insurance is written on either an adjustable or non-adjustable contracts so that fluctuations in the extent of the risk are brought to the insurers attention by means of annual declarations of money in transit, but it must be conceded that considerable difficulty is sometimes experienced in obtaining declarations regularly from certain policyholders. An adjustable policy may be converted to a non-adjustable policy by raising the annual premium chargeable appropriately
The Company will indemnify the Insured against loss of Money belonging to the Insured or for which the Insured is responsible in Circumstances and Situations as mentioned in the policy schedule.
The Company will in addition indemnify the Insured in respect of loss of or damage to any safe or strong room for which the Insured is responsible resulting from the theft or any attempted theft of money
The liability of the Company in respect of any one loss of money shall not exceed the Limit of Liability.