In Insuring Agreement #3, which is NOT covered under Inside the Premise - Theft of Money and Securities?

Study for the Alabama Property and Casualty Test. Explore flashcards and multiple choice questions, each accompanied by hints and explanations. Prepare effectively for your exam!

In the context of Insuring Agreement #3, which pertains to theft of money and securities within the premises, the specific focus is on what constitutes a theft event as well as the conditions under which money and securities are covered. Theft from a vending machine is generally not considered a covered incident because such thefts often fall under different categories, such as vandalism or burglary, rather than theft as defined in this agreement.

In contrast, money that is taken during a robbery or that simply disappears under unexplained circumstances usually is covered, whereas destruction of money due to fire would generally not fall into the category of theft but rather into a loss due to physical damage. Thus, while the other scenarios present covered risks under specific terms within the agreement, theft from a vending machine does not align with the definitions set by the Insuring Agreement regarding theft of money and securities, making it the correct response to the question.

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