Readers' Corner: General Insurance

Is the jewellery in my bank locker covered by insurance?

K G Krishnamoorthy Rao 

Is the jewellery in my bank locker covered by insurance? In case of a bank robbery or damage, will I get paid? Can I take additional insurance to cover the jewellery? Yes, your jewellery in bank locker can be covered under Home Package Policy. The details of the jewellery to be covered should be certified by an approved valuer and declared for coverage. You can get paid for the loss of such jewellery caused by bank robbery. However, such a policy can’t be taken on standalone basis. It is part of home package policy only. If one member shifts from a family floater ...

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Readers' Corner: General Insurance

Is the jewellery in my bank locker covered by insurance?

Is the jewellery in my bank locker covered by insurance? Is the jewellery in my bank locker covered by insurance? In case of a bank robbery or damage, will I get paid? Can I take additional insurance to cover the jewellery? Yes, your jewellery in bank locker can be covered under Home Package Policy. The details of the jewellery to be covered should be certified by an approved valuer and declared for coverage. You can get paid for the loss of such jewellery caused by bank robbery. However, such a policy can’t be taken on standalone basis. It is part of home package policy only. If one member shifts from a family floater ... image
Business Standard
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