Safe burglary insurance provides protection against loss of money, securities, and other property inside a locked safe or vault. Burglary insurance requires visible marks of forcible entry on the exterior portion of the safe or vault. Combined forms of coverage offering additional protection include mercantile robbery and safe burglary insurance and office burglary and robbery insurance. These forms are limited in their coverage in comparison with broad form money and securities insurance. To cover loss by fire, theft, or malicious mischief of property such as cameras, movie projectors, radios, etc., commercial property insurance is available.
Mysterious disappearance is generally an excluded peril.
This insurance covers items of high value which are easily stolen. The cost of this protection is high. Duplication by coverage under fire insurance policies should be avoided. The amount of insurance carried under burglary, robbery, and theft insurance policies should be determined by the maximum exposure to loss of the funds or property involved. The exposure to loss should be kept at a minimum through timely cash transmittal.