Electronic equipment’s such as Computers, Laptops, Medical, Bio-Medical, Micro Processors, Audio-visual equipment’s etc. can be covered under Electronic Equipment Insurance.
Scope of Cover
Coverage for electronic equipments is provided under Three Sections:
Section I – Material Damage
Cover the insured electronic equipment against any unforeseen and sudden physical loss or damage from any cause
Section II – External Data Media
If the external data media inclusive of the information stored thereon, which can be directly processed in EDP systems, suffer any material damage indemnifiable under section 1, the company will indemnify the insured not exceeding the sum insured.
Section III – Increased Cost of working
If material damage indemnifiable under section 1 gives rise to a total or partial interruption of operation of the EDP equipment, the insured will be indemnified for any additional expenditure incurred for the use of substitute EDP equipment up to an amount not exceeding the sum
