Burglary Insurance

What is Burglary Insurance?

Burglary insurance from Goldstar provides compensation when a property suffers loss or damage caused by theft when accompanied by forcible and violent breaking into and/or out of the insured premises.

What does Burglary Insurance cover?

Burglary Insurance from Goldstar covers property contained in your premises, stocks/goods owned by you or held in trust and/or commission. It may also extend to cover cash, valuables, securities kept in a locked safe or cash box in locked steel cupboard on bold.

  • The policy covers the property against loss/damage by house breaking or forcible entry or exit from Insured premises.
  • It also covers damage to your premises caused by Intruders/Criminals during forcible entry or exit from Insured premises.
  • The Policy pays actual loss/damage to your insured property/Stock caused by house break, to the limit of the value insured.
  • There is also a provision in the Policy to cover bulk items on ‘first loss’ basis that is to say a percentage of total stock stored can be taken as the Insured value prone to the risks of burglary and housebreaking.

In addition, with Goldstar’s Burglary Insurance product you get the following additional benefits:

  • In case of any threat of violence to your agents or the insured and property is taken without forceful means, the Burglary policy will call for compensation.
  • An optional cover of Political Violence and Terrorism can be extended in addition to the Burglary cover.
  • Burglary Insurance will also extend to cover theft during and after the occurrence of fire.