Keeping some amount of cash at home is normal with every household then why is cash kept at home not covered under the Householder’s Insurance Policy?
In the event of a claim, it becomes extremely difficult to prove the existence of cash at home
Keeping some amount of cash at home is normal with every household then why is cash kept at home not covered under the Householder’s Insurance Policy?
K B Duggal, Ambala
A Householder’s Insurance Policy does not provide coverage for the cash kept at home because a household is not expected to maintain proper cash records, as is the case with commercial establishments. Therefore, in the event of a claim, it becomes extremely difficult to prove the existence of cash at home. Therefore, insurance companies do not provide cover for cash kept in households.