What does Safe Burglary Insurance mean? Read on to discover the definition & meaning of the term Safe Burglary Insurance - to help you better understand the language used in insurance policies.
Safe Burglary Insurance
Safe burglary insurance is insurance coverage for property that is kept in a safe. Many people keep jewels, cash, and other assets in safes. While safes are generally hard to break into and access, they still can be. Safe burglary insurance protects policyholders financially in the event that their safe is broken into, and they lose assets because of this.
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 Safe Burglary Insurance. 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: