Section 3 - Money

Section Insuring Clause (what is insured)

Subject to the under noted limits any one loss the Company will pay the Insured for

	1. Loss of Money belonging to or the legal responsibility of the Insured
	2. Loss of or damage to safe(s) or strong room(s)
	3. Financial loss following misuse of any Credit Card held for the benefit of the School

Definition

Credit Card means any credit card bank / cash card debit card charge card or cheque card

Cover Limit any one loss

1. Recorded crossed cheques and / or crossed money orders and / or crossed postal orders		€500,000
2. Money on School Property whilst		€13,500
	(a) within any building while such building is occupied and used by the Insured
	(b) in locked safe(s) or strong-room(s) when the building is unoccupied and unattended by the Insured	€13,500
3. Money in transit or in a bank night safe		€13,500
4. Personal Money belonging to any member of the teaching staff of the School		€1,000
5. Money in the residence of any person authorised by the Insured		€1,000
6. Loss of or damage to safe(s) or strong-room(s)		Cost of Repair or Replacement
7. Financial loss following misuse of any Credit Card		€7,500
8. Any other loss of Money not otherwise excluded		€1,000

SECTION EXTENSIONS

Assault Extension

If as a result of actual or attempted robbery or hold up the Insured or any Employee of the Insured shall in the course of his / her duties sustain

1. Accidental Bodily Injury the Company will pay the amount shown in the Table of Benefits

Table of Benefits

Bodily injury causing	Limit

Death	€125,000
Loss of Sight in one eye or Loss of one Limb	€75,000
Loss of Sight in both eyes or Loss of both Limbs	€125,000
Loss of Hearing in one ear	€7,500
Loss of Hearing in both ears	€50,000
Permanent Disability	€125,000
Temporary Disability – per week (payable to the Insured)	€500
Medical dental and optical expenses not recoverable from any other source up to a maximum of	€10,000

2. Loss or damage to clothing and personal effects the Company will pay the amount of such loss or damage

Provided that

(a) not more than one Benefit shall be payable to any one person in respect of any one accident
(b) no amount shall be payable under this Extension in the event of any claim being made under Section 7 – Personal Accident of this Policy
(c) this Extension does not cover Temporary Disability
	(i) of less than 7 (seven) days
	(ii) Benefit payable for more than 100 (one hundred) weeks

Extension Definitions

1. Accidental Bodily Injury means

Bodily Injury resulting solely and directly from violent external and visible means and which shall directly and independently of any other cause result within 12 (twelve) calendar months in death loss of limb or eye disability or loss of mental faculty

2. Loss of Limb means

total loss by physical severance at or above the wrist or ankle or permanent total loss of use of an entire hand arm foot or leg

3. Loss of Sight or Hearing means

total and irrecoverable loss of sight in one or both eyes or hearing in one or both ears

4. Permanent Disability means

the permanent inability to attend to any occupation or profession

5. Temporary Disability means

the temporary inability to attend to usual occupation or profession or where there is no gainful employment confinement to house or hospital by a qualified medical practitioner

Subject otherwise to the terms Definitions Exclusions and Conditions of this Section and this Policy

SECTION EXCLUSIONS (what is not insured)

This Section does not cover

1. Loss of Money caused by any

	(a) fraudulent or dishonest act
	(b) error or omission

2. Depreciation in value

3. Confiscation or detention by Customs or other officials

4. Loss from an unattended vehicle

5. In respect of any Credit Card

	(a) misuse by an authorised person
	(b) liability attaching to the Insured following a breach of the terms and conditions of its use
	(c) financial loss resulting from the loss of any Credit Card not reported to the issuing company and the police within 24 hours of the discovery of such loss
	(d) its confiscation or detention by Customs or other officials

6. The first €100 of each and every loss

Section Conditions

SECTION CONDITIONS

1. Precaution

The keys to any safe or strong-room must be removed to a secure place whilst the building or portion of the building containing the safe or strong-room is closed and / or unattended

2. Increase in Limits

The Limits any one loss insured under this Section are doubled for the 2 (two) weeks before and after the date for collection of School fees or other such Money

3. Money in Transit

	(a) Cover under this Section for Money in transit is limited to €3,750 per person
	(b) Money in transit in excess of €15,000must be carried by a security company

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