does anyone have a description of the following insurances?
do you have descriptions of what the following insurances do?
1. fire and theft insurance
2. money and securities insurance
*** please answer only if you have descriptions!***
thank you!
Tags: anyone, description, following, insurances
OK, well, as these aren’t “insurances”. Not in the sense of “car insurance” at least.
Fire and theft insurance – those are perils insured against. Two perils – fire, and theft. There are other perils that are commonly lumped in with them, but they don’t have to be. They can be perils on a building, or perils on contents, pr a car, or, actually, perils on money and securities.
Money and securities isn’t a type of insurance – it’s a “coverage line”, which means, it’s something that you can insure. It’s a type of property. It can be insured against a variety of perils – employee theft, robbery, burglary, off premises (courier) robbery, etc.
So you’ll have to be more specific. You WON’T see coverage forms, except as sample policies from the carrier that you’re looking to purchase from. There ARE “fire” policies, there are “theft” policies. And you can insure “money and securities” just like you insure your “house”.
You are referring to fragments contained inside policies, and do nothing on their own.
Fire and theft are perils that would cover insured property.
Money and Securities are typically separated in a property policy for special limits. $250 limit on money and $1000 limit on securities would not be uncommon.