The loss of money due to destruction or wrongful abstraction is typically insured under which type of policy?

The type of policy that typically insures against the loss of money due to destruction or wrongful abstraction is the Money and Securities (Broad Form) policy. This type of insurance is designed to provide coverage for loss or damage to money, securities, and other related items. It includes provisions for various situations, such as theft, destruction, and accidental loss.

This policy is comprehensive in that it addresses not just the loss of physical money but also securities, which can include items like stocks, bonds, and other financial instruments. The broad nature of this policy makes it suitable for a variety of businesses and individuals who handle cash and securities, ensuring they are protected against significant financial losses that can occur through unauthorized access, accidents, or disasters.

Other options, while related to theft or loss of money, have narrower focuses. For example, a Burglary Policy typically covers theft of property through forced entry, a Robbery Policy is focused specifically on theft involving violence or threats, and a Messenger and Paymaster Robbery Policy may address specific instances involving the employees responsible for handling cash. However, none of these options provide the comprehensive coverage that a Money and Securities (Broad Form) policy offers in terms of destruction or wrongful abstraction.