What does Robbery and Safe Burglary Coverage mean? Read on to discover the definition & meaning of the term Robbery and Safe Burglary Coverage - to help you better understand the language used in insurance policies.
Robbery and Safe Burglary Coverage
A type of policy that insures against the loss of money and securities by robbery or safe burglary. There are two standard forms that provide this coverage. Insurance Services Office, Inc. (ISO), crime form (CR 00 18) insures against the loss of money and securities by robbery or safe burglary. Prior to October 1990, the robbery and safe burglary form (form D) was endorsed to provide this coverage. A separate coverage part is now available. ISO crime form (CR 00 05) insures against the loss of property, other than money and securities, by robbery or safe burglary.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
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