Burglary
And Robbery
We will pay for direct physical
loss of or damage to:
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Business Personal Property,
if a Limit of Insurance is shown in the Declarations;and
-
"Money" and "securities"; at
the described premises resulting directly from actual or attempted:
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Burglary, meaning the taking
of property from inside the described premises by a person unlawfully entering
or leaving the premises as evidenced by marks of forcible entry or exit;
or
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Robbery, meaning the taking
of property from the care and custody of a person by one who has:
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Caused or threatened to cause
that person bodily harm; or
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Committed an obviously unlawful
act witnessed by the person from whom the property was taken.
Coverage for "money" and "securities"
extends to that property while at a bank or savings institution, within
your living quarters or the living quarters of your partners or any employee
having care and custody of the property, at the described premises, or
in transit between any of these places.
We will not pay for loss
or damage:
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To household and personal effects
in living quarters occupied by you, your partner, officer, director or
stockholder or any relative of any of these.
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To accounts, deeds or manuscripts.
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To evidences of debt other than
"securities".
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Of property that is missing
when there is no physical evidence to show what happened to it, such as
shortage disclosed on taking inventory.
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Resulting from any dishonest
or criminal act:
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That you or any of your partners
commit whether acting alone or in collusion with other persons; or
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Committed by any of your employees,
directors, trustees or authorized representatives:
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Acting alone or in collusion
with other persons; or
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While performing services for
you or otherwise.
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Resulting from voluntary parting
with any property by you or anyone else to whom you have entrusted the
property if induced to do so by any fraudulent scheme, trick, device or
false pretense.
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Of property that has been transferred
to a person or place outside the described premises on the basis of unauthorized
instructions.
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Resulting from delay, loss of
use or loss of market.
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Occurring during a fire at the
described premises.
The most we will pay for loss
or damage in any one occurrence is:
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The limit shown in the Declarations
for Inside the Premises for "money" and "securities" while:
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In or on the described premises;
or
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Within a bank or savings institution;
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The limit shown in the Declarations
for Outside the Premises for "money" and "securities" while anywhere else;
and
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25% of the Business Personal
Property Limit of Insurance for all other property.
But each of the following types
of property are covered only up to $2,500:
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Furs, fur garments and garments
trimmed with fur;
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Jewelry, watches, watch movements,
jewels, precious and semiprecious stones, bullion, gold, silver, platinum
and other precious alloys or metals. This limit does not apply to jewelry
and watches worth $100 or less per item; and
-
Patterns, dies, molds and forms.
All loss or damage: (1) Caused
by one or more persons; or (2) Involving a single act or series of related
acts; is considered one occurrence.