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What Is Pecuniary Insurance?

Pecuniary insurance is coverage for monetary loss due to a wide range of factors from external and internal influences. Specifically, under this coverage only money lost is payable upon proof of claim.

Money Policy

This coverage is designed as an all-risk policy that pays for monies lost by the insured party through theft or accident. For instance, if during a physical transfer of money from one financial institution to another, money is lost to theft, this coverage would pay the claim based on the limits set forth in the policy.

Fidelity Guarantee

A policy for this type of coverage is used to protect a business from monetary loss due to fraudulent, dishonest or criminal conduct, as a result of some action on the part of specific employees, such as accountants.

Business Interruption

If, for example, a business is flooded by torrential rains, this coverage will pay the losses incurred as a result of an interruption in the company's regular business. The policy limits the amount of lost business time a company can claim on any loss. This time-frame is called the indemnity period.