Burglary insurance originated in 1887 at Lloyds in London to cover losses due to theft, robbery, or larceny. It is an important add-on insurance policy for small businesses to protect their livelihoods and property. Burglary insurance covers various classes of theft including residence theft, bank burglary, safe deposit box losses, and interior office and store robbery.

1. BURGLARY INSURANCE

2. MEANING OF BURGLARY
INSURANCE
 Burglary means theft, robbery or larceny.
 Burglary insurance is the contract that covers any
losses due to a burglary.

3. ORIGIN OF BURGLARY
INSURANCE
 Originated at Lloyds in London in 1887
 First company to issue policies was the 'Mercantile
Accident And Guarantee Company' of Glasgow

4. INTRODUCTION
 It is particularly important for small businesses
whose owner's risk losing their livelihood due to
theft.
 Burglary insurance is an add-on to other insurance
policies.

5. Contd.
 The contract usually requires evidence that the
person owned the stolen items.
 Insurance company generally raises premium in
certain situations.

6. CLASSES OF BURGLARY
INSURANCE
 Residence insurance
 Personal hold-up insurance
 Bank burglary insurance
 Bank robbery insurance
 Safe deposit box insurance

7. Contd.
 Mercantile open stock insurance
 Mercantile safe insurance
 Paymaster or messenger robbery insurance
 Interior office and store robbery insurance

8. Thank you
Presented by : saumya singh
1321760
Christ university