DEUTSCHE GENOSSENSCHAFTSBANK v. BURNHOPE AND OTHERS

[1993] 2 Lloyd's Rep. 518

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hobhouse

Insurance (Theft) - Construction - Insuring clause 2 provided cover for loss of property by reason of theft committed by persons present on the assured’s premises’ - Plaintiffs handed over securities to employee of customer in exchange for undertaking to provide alternative securities - No alternative securities provided - Whether theft committed within policy cover.