Values of all movable assets such as stocks, furniture, tools and spares. (Declared value). Some items insured under this policy are as such that it is not possible to envisage a total loss.
Why Burglary Insurance
In such a scenario, you can take out a first loss policy where the sum insured is less than the total value at risk. This is the maximum amount that can be stolen at a single incident. Note that the value selected as the First Loss Sum will determine the maximum claim payable at a single time.
values of all items to be insured must be provided.