Money Insurance
Gbogbo ọrọ náà
Every trader who banks a day's takings, every school that pays its staff in cash, and every filling station that empties its tills at night faces the same quiet danger: the moment cash leaves the drawer it can be snatched, and once it is gone it is gone. Money insurance is the cover built for exactly that danger. It protects cash and cash-like documents against robbery, theft and loss, whether the money is moving to the bank, sitting on the counter, or locked in the safe overnight.
In this lesson you will learn what the policy actually treats as ‘money’ (it is far wider than notes and coins), the separate sections of cover that follow the cash from place to place, the limits and conditions that decide how much the insurer really pays, and who in the Nigerian market cannot trade safely without this policy. You will settle the calculations examiners set on carrying limits and safe limits, and learn the one distinction, money insurance against fidelity guarantee, that catches candidates every year.
Ebumnobi
- Explain what constitutes money for the purpose of a money insurance policy
- Describe the types of cover available, including money in transit and money in a safe
- Explain the limits and conditions commonly applied to money insurance
- Identify the typical buyers of money insurance and explain their exposure
Maapụ uche
E seela isiokwu a ka ị hụ otu echiche si ejikọta.
Kaadị ncheta
Omume ncheta ngwa ngwa n'ihe a na-anwale n'isiokwu a.
Akwụkwọ Ọmụmụ
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na Money Insurance. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Under a money insurance policy, which of the following would NOT be treated as money? A. Currency notes and coins B. An uncrossed cheque C. Current postage stamps D. A carton of trade goods Answer: D
- A cashier is robbed while carrying the day's takings from the shop to the bank. Which section of the money policy responds? A. Money on the premises during business hours B. Money in transit C. Money in a locked safe out of business hours D. Personal accident Answer: B
- A money policy has a single carrying limit of 1,500,000 naira. An employee carrying 1,900,000 naira on one trip is robbed of the whole amount. How much will the insurer pay? A. 1,900,000 naira B. 1,500,000 naira C. 400,000 naira D. 950,000 naira Answer: B
- Loss of money caused by the dishonesty of a firm's own trusted employee is covered by: A. Money insurance B. Burglary insurance C. Fidelity guarantee D. Public liability insurance Answer: C
- Cash left overnight in business premises is usually covered by the money policy only while it is: A. On the open counter B. In a locked safe or strongroom C. In the manager's pocket D. Anywhere in the building Answer: B
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
