Incidents of burglary were never heard of in most part of
the GCC regions. However, due to quick developments,
industrialization and turning of cities in to metropolitan
these incidents, although in spats, are on the increase.
Each property owner has every reason to secure their
properties against the risks of burglary. The cover for
Burglary is availed in conjunction with the Fire & Light or
Fire and Allied Perils in either combined or separate
contracts the later of which would require that a Fire
insurance policy be in force. Here you will be able to seek
information and request for
quotation on line.
The Burglary insurance covers losses &/or damages due to
"Housebreaking". This shall mean :
Theft of property from Insured's Premises following upon
felonious entry to the said premises by violent and forcible
means or
Theft by a person in the premises who subsequently breaks
out by violent and forcible means provided there shall be
visible marks made upon the premises at the place of entry
or exit by tools, explosive electricity or chemicals.
The Sum Insured may be either on the basis of the actual
value or the new replacement value of the property but
should be adequate to cover the total exposure. The Insured
should be able to provide the sum Insured but may seek help
of our underwriters to determine how to do so. There is also
an opportunity for insuring goods/stock on First Loss Basis.
The Sum Insured is very important and needs to be given due
consideration to avoid application of Average in the event
of a claim.
The rate chargeable is always applied on "Per Mille" basis
(for every thousand units) on the Total Sum Insured and is
very dependant to the nature of risk, location, security
measure in place and the housekeeping. In addition to a
number of other Conditions.
Incidents of burglary were never heard of in most part of
the GCC regions. However, due to quick developments,
industrialization and turning of cities in to metropolitan
these incidents, although in spats, are on the increase.
Each property owner has every reason to secure their
properties against the risks of burglary. The cover for
Burglary is availed in conjunction with the Fire & Light or
Fire and Allied Perils in either combined or separate
contracts the later of which would require that a Fire
insurance policy be in force. Here you will be able to seek
information and request for
