Electronic Equipment Policy
About Electronic Equipment Policy
This provides cover for material damage due to unforeseen and sudden physical loss or damage.
Who purchases this cover?
This is for corporate and individual business owners.
The policy coverage are in three parts:
- Section I: Material Damage:
Covers unforeseen and sudden physical loss or damage from any cause other than those specifically excluded in a manner necessitating repair or replacement.
- Section II: External Data Media:
This covers external data media entered in the schedule of the policy inclusive of the information stored there which can be directly processed in EDP systems which suffer any material damage identifiable.
- Section III: Increased Cost of Working:
This covers additional expenditure incurred for the use of substitute EDP equipment not covered under this policy up to an amount not exceeding the agreed indemnification per day and not exceeding sum insured in anyone year of insurance.