Covers loss, damage to property arising from forcible or violent entry or exit from the premises. Damage to the building as a result of a burglary may also be covered as well as hold-up subject to policy limits.
This type of insurance is done on a First Loss basis which means that the Insured determines the maximum amount of property that could possibly be stolen. The Insured is required to declare the full value of the property.
*This policy is subject to the pro-rata condition of average.