What does Robbery mean? Read on to discover the definition & meaning of the term Robbery - to help you better understand the language used in insurance policies.
Robbery is a crime where the perpetrators use intimidation or force (and even violence against a person or things) to obtain objects of value. To qualify as robbery (and not just theft), a human victim must be present. Damage caused by robbery can be covered by an insurance policy.
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.
We hope the you have a better understanding of the meaning of Robbery. 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: