Canadian Accredited Insurance Broker (CAIB) Two Practice Exam

What type of theft does the safe burglary rider include?

1. Theft from unsecured storage

2. The theft of the safe from the premises

3. Theft from vehicles

4. Theft of cash from a cash register

The correct answer is: The theft of the safe from the premises

The safe burglary rider specifically covers the theft of the safe itself from the premises. This rider is designed to address situations where a thief not only targets the valuables within the safe but also steals the entire safe, which can include a significant amount of cash, documents, or other valuables stored inside it. Since a safe is generally a secure place for important items, the rider provides additional coverage that may not be included in standard policies. The other options refer to different scenarios of theft that are typically covered under various sections of a property insurance policy, but do not relate directly to the specific provision of a safe burglary rider. Theft from unsecured storage addresses another form of property loss that does not involve a safe. Theft from vehicles involves stolen items from a vehicle, while theft of cash from a cash register pertains to operational theft that does not involve a safe's integrity. Thus, the emphasis on the theft of the safe itself is what makes this answer correct.