Robbery and Safe Burglary Coverage

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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

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:

a: The business of insuring persons or property.

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.

We hope the you have a better understanding of the meaning of Robbery and Safe Burglary Coverage. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for:

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