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About the Policy
The Electronic Equipment Insurance Policy is specifically designed to cover accidental loss or damage to a wide range of electronic equipment.
This policy provides comprehensive protection against sudden and unforeseen physical damage, including breakdowns. Ideal for owners, lessors, or hirers of electronic equipment, it ensures that your valuable technology is safeguarded against various perils, from fire and theft to natural disasters.
This all-risk policy is suitable for equipment like computers, printers, scanners, industrial electronic machines, servers, and data storage devices, ensuring your business operations continue smoothly even in the face of unexpected incidents.
Exclusions include normal wear and tear, corrosion, wilful acts, gross negligence, faults for which third parties are responsible, failure due to interruption of gas, water, or power supply, aesthetic defects, and consequential losses. The sum insured should be equivalent to the current purchase price of similar new electronic equipment, including installation costs, duty, freight, taxes, etc. If the sum insured is less than required, claims will be paid proportionately.
Highlights
Covers accidental loss or damage to electronic equipment.
- Protection against various perils
- Ensures continuity of operations
- Available for owners, lessors, or hirers
What types of equipment are covered under this policy?
The policy covers electronic data processing machines, telecommunication equipment, transmitting and receiving installations, material testing and research equipment, electro-medical installations, and more, provided they are not portable or mobile.
Who can take out this policy?
This policy can be taken by the owner, lessor, or hirer of the electronic equipment, ensuring that all parties involved in the use or rental of the equipment are protected.
What perils are covered under the policy?
The policy covers damage caused by smoke, water, short circuit, electrical fire risk, faulty operations, falling objects, fire, lightning, explosion, riot, strike, malicious damage, theft, burglary, natural calamities, and more.
