The Electronic Equipment Insurance Policy covers sudden and unforeseen material damage to electronic equipment due to any cause not specifically excluded. 

  • Damage due to environmental contamination such as smoke, soot dust, corrosive gases etc. 
  • Water and Humidity.
  • Short Circuit and Electrical Fire Risk.
  • Faulty Erection, Defective casting and material faults at workshop.
  • Falling object and entry of foreign bodies. 
  • Flood, storm, Earthquake and other natural calamities.
  • Loss to external data media 
  • Increased cost of workingPOLICY CONSIDERATIONS 
  1. The policy is for all types of electronic equipment/devices like computer’s medical equipment, electronic panels, transmitting and receiving installations, Telecommunication equipment etc.
  2. In case there is no annual maintenance contract the premium would be loaded by 50% for equipments with a value upto Rs.1,00,000 and by 100% for equipments with a value exceeding Rs.1,00,000. In case the insured has their own maintenance facilities the loading can be waived.

SUM INSURED 

The sum insured must be the present-day replacement value of similar new Electronic Equipment including all incidental expenses like cost of erection, duty, freight, taxes etc.  The sum insured can be reinstated by paying extra premium after the occurrence of loss. 

GEOGRAPHICAL LIMITS

Within India