What do the phrases overnight cash cover and/or cash rating mean?
The phrases relate to the amount of cash (not cheques, jewellery or other valuables) that can be stored in a safe when left in an unoccupied building either overnight or over holiday periods. For instance, the phoenix Saracen safe range has been given a cash rating of £1,500 meaning that your insurers should be happy to reimburse you for any losses up to £1,500 following a successful burglary attempt. However, it must be understood that this is only an approximate figure and it is absolutely essential to discuss this with your insurers as many other factors can affect the amount that can be stored in the safe. As most people will know, insurance companies have differing premiums depending upon many things, such as post codes, so where you live may affect the amount of cover you can get on your safe. If you have used the same insurer for a long time without making any claims, if you have a good quality burglar alarm, or if you have a business which has 24 hour security cover, you may fi
