PRODUCT DISCLOSURE SHEET
(Please read this Product Disclosure Sheet before you decide to take up the Money Insurance. Be sure to also read the general terms and conditions.)
What is this product about ?
This policy will indemnify you in the event of money stolen or robbed either from your premises or whilst it is being carried to or from the bank
What are the covers / benefits provided ?
The policy covers:-
| Money In Transit | Loss of money in the custody of authorised personnel whilst in transit from your premises to bank and/or vice versa |
| Money In Premises | Loss of money whilst the money is kept in your premises |
With the payment of additional premium, the policy may be extended to cover :-
• Damage to Safe/Strongroom – The cost of repair and replacement of the Safe/Strongroom directly associated with any theft or attempted theft
• Personal Accident benefit to your employees engaged in carrying money against death or permanent disablement caused by armed robbery or hold-up
• Strike, Riot and Civil Commotion
How much premium do I have to pay?
The premium you have to pay may vary depending on the nature of your business, the sum insured, the precautions taken or type of security protection installed in your premises to prevent loss, and our underwriting requirements.
The premium computation for Money In Transit cover is based on Estimated Annual Carryings and Money In Premises is based on the limit any one event.
The minimum premium per policy is USD52.50.
What is the payment mode and how do I pay the premium?
This is an annual policy and you may pay your premium either by cash, or cheque.
What are some of the key terms and conditions that I should be aware of ?
Duty of disclosure
- You must give all the facts which you know or ought to know.
- You must ensure that the proposal form is completed accurately as it forms the basis of the insurance contract.
Claims:
:- Upon the happening of an incident which gives rise to a claim, you must
a) report the incident to the Police immediately and render all reasonable assistance in causing the discovery and punishment of any guilty person and in tracing and recovering the property.
b) notify us in writing with full details as soon as possible. You must submit your claim with all the supporting information and documents to us and give full cooperation to the adjusters/investigators appointed by us in assessing your claim.
• Deductible/Excess
This is the amount you have bear before we indemnify you of a loss.
• Premium Warranty
Premium must be paid and received by us within 30 days from the inception date of the cover. otherwise, the cover is automatically cancelled and you will still be responsible to pay the proportion of premium for the period we have been on risk.
What are the major exclusions under this policy ?
This insurance does not cover certain losses, such as:-
- consequential loss
- any loss arising from fraud or dishonestly of your employees
- shortage due to error or omission
- loss from an unattended vehicle
- War, Civil War
- any act of terrorism
Note: This list is not exhaustive. Please refer to the policy contract for the full list of terms and conditions under this policy.
What are the pre-acceptance conditions for this product ?
• No claims for the past 3 years.
• Insured has never been declined, cancelled or refused coverage previously.
Can I cancel my policy ?
You may cancel the policy at any time by giving written notice to us. Upon cancellation, you are entitled to a refund of the premium based on the unexpired period of insurance less 10% administration charge.
Where can I obtain further information ?
If you have any enquiries, please contact us at:
Customer Service
Dara Insurance Plc
Canadia Tower, 3rd Floor
No. 315, Corner of Ang Duong St.and Preah Monivong Blvd.,
Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh, Cambodia.
Tel : 023 901353
E-mai : enquiries@darainsurance.com.kh
Website: www.darainsurance.com.kh