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Why is cash kept at home not covered under the Householder’s Policy?

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Why is cash kept at home not covered under the Householder’s Policy?
OLM Desk - 06 October 2017

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.

olmdesk@outlookindia.com

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