Crime Insurance or coverage for dishonesty, disappearance and destruction provides coverage for loss of property through criminal activity from dishonest acts of employees or volunteers such as:
- misappropriation of funds
- burglary and robbery that could take place inside or outside the premises
- acceptance of counterfeit paper currency or money orders in good faith
- computer fraud
- social engineering fraud
The board has an option to purchase a coverage limit of $500,000 or $1,000,000. However coverage for loss inside or outside the premises has a sublimit of $25,000. This coverage is subject to the policy deductible of $500.