• It cover however excludes dangers like larceny and is limited to house breaking and burglary and when Property insured is lost from the insured premises alone.
• As it the case with most covers, the amount to be claimed reduces every time a claim is paid. although the sum can be reinstated on payment of pro-rata additional premium.

• The benchmark rate is flexible and ranges from 0.35% to 0.75% for a standard risk depending on the proportion the maximum Probable Loss . A discount may also be offered.
• Each application is evaluated based on its own merits, as the tariffis not regulated. Factors that may be considered includes the measures and precautions in place, any history of previous claims, an assessment of the risk situation, the type of property and its easeof sale, security arrangements, and the client's profile.

Procedure

The applicant must complete the proposal form and ensure detailed information on the location of the risk and claims history is provided. Normal security arrangements are necessary for an insurer to accept the proposal for insurance and bear on the fixture of premium rating .

An inspection of the premises and its neighborhood is usually carried out, with those in isolated areas or the adjoining premises and those vacant during the night like educational institutions or places of worship not being preferred.