What banks nor­mally in­sure

Consumer Voice - - Bank Lockers -

Banks nor­mally take a com­pre­hen­sive cover that in­cludes losses due to fire, ex­plo­sion and other dan­gers. Such poli­cies nor­mally cover the head of­fice and the en­tire net­work in­clud­ing em­ploy­ees, fur­ni­ture and fit­tings, cash held in the cash coun­ters and the cash safe, and other elec­tronic equip­ment like com­put­ers, but th­ese do not cover lock­ers as what is kept inside them is not known (de­scribed in in­surance par­lance as ‘lack of in­surance in­ter­est’).

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