Did you know that the value you can insure valuables and materials stored in a safe largely depends on the class of the safe? How does the class of a safe relate to the insurance amount?
Value of stored valuables – unit of calculation
The value of money changes, so the insurance standard is not a fixed value – if it were, it would have to be updated frequently. Therefore, the concept of unit of account was created. This is 120 average salaries in Poland. Depending on the differences in the average salary, the maximum permissible value of objects stored in the safe varies. Class I safes can store items with a value of 1 unit of account.
Class S1 and S2 safes and their insurance
The class of these safes is defined by the Polish standard PN-EN 14450. A class S1 safe can store items or money with a value of up to 0.1 units of account – which in practice means approximately PLN 48,000 (taking the amount of PLN 4019.08 in the period September-November 2016 as the average salary). An S2 class safe can store items or money worth 0.2 units of account (which is approximately PLN 96 thousand).
If an S1 class unit is additionally protected with a burglary and robbery signalling system, the value of items increases to 0.2 calculation units, and in the case of S2 class – to 0.4 (pursuant to the Ordinance of the Minister of Internal Affairs and Administration of 7th September 2010 on the requirements to be met by the protection of cash values stored and transported by businesses and other organisational units).
Class safes in accordance with EN 1143-1 and 1143-2
1. class 0 – allows for storing items with a value of 0.5 unit of account,
2. class I – 1 unit of account value,
3. class II – 1.5 units of accountancy value,
4. class III – 3 units of account,
5. class IV – 5 units of account.
Additionally, the limit of monetary values stored in devices of classes PN-EN 1143-1 and 1143-2 may be increased by fulfilling additional conditions.
Thus:
– if the safe is additionally equipped with a burglary and robbery signalling system with transmission of the alarm signal to the alarm receiving centre, the value limit is doubled depending on the class of the device,
– if, in addition to burglary and robbery signalling, a CCTV system with event recording has been installed - three times (and in the case of class III – up to 10 units),
– if, in addition to the above mentioned two conditions, the place where valuable objects are stored is covered by round-the-clock physical protection provided by a specialised armed security unit, the value limit is usually increased fivefold (except for class II, where the limit increases up to 10 units of account and class IV, where the limit increases 4 times - up to 20 times the unit of account).
To sum up – when insuring property, it is worth considering in advance what value of goods we want to secure and how much it should be insured for, as well as what conditions will prevail at the destination of the safe. Only with such data should you decide to purchase a specific burglar-proof safe for your company.
We recommend to read: Burglarproof safes – what are they?
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