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Marijuana Club Startup Guide

MEDICAL MARIJUANA INSURANCE STOCK COVERAGE

If you want coverage on your marijuana inventory against theft, you will need to sign the following agreement. You are required to meet certain requirements with your safe.

This information has been provided by:
Rich Pitto,  Broker/Manager
HAYES INSURANCE AGENCY
3550 SAN PABLO DAM ROAD, SUITE C
EL SOBRANTE, CA 94803
TELEPHONE: 510.222.8643 FAX: 510.222.6162
EMAIL : RPITTO@HAYESBROKERS.COM

 

MEDICAL MARIJUANA INSURANCE STOCK COVERAGE

Your policy contains coverage of theft of your medical marijuana stock. Because of the recent spate of burglaries of Medical Marijuana Dispensaries in the State, your insurance company is mandating increased protection of your stock in the event of a robbery. This is in addition to the current requirement of a central station burglar alarm. For theft coverage of stock, all such stock must be secured and locked in a ONE TON SAFE or a safe of higher tonnage or a TL-30 when your dispensary is closed for business. This includes perishable items such as kif, butane hash, cookies, and any preparation of medical marijuana. All safes must be bolted to the floor. Claims for these items will not be paid unless the above described safeguards are in place at the time of the burglary. Should you have any questions on this policy for covered stock, please do not hesitate to contact your broker at our agency.

Date:________________________________________________________________

Insured:______________________________________________________________

 

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