Burglary insurance provides protection against incidents of theft to your property. This policy covers losses or damages to your property and its contents in your business premise due to:

• 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:
 

1. 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 adequacy of the sum insured since the insurance will be subject to the Average Clause where you will not be fully indemnified at the time of loss if the property is under insured. The correct sum insured should be what you consider to be the highest value at risk at any one time.

2. 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.