Electronic
Equipment Insurance
Section 1 -
Material Damage
This Section of the Policy provides cover against any unforeseen and sudden physical loss of or damage to the Items insured during the period of insurance, from any cause other than those specifically excluded. This insurance covers the cost entailed for repair or replacement of equipment after loss or damage.
Section 2 - External Data Media
This Section of the Policy provides cover for both the material value of the external data media and the cost of reprocessing and restoring lost information after loss or damage.
Section 3 - Increased Cost of Working
This Section of the Policy indemnifies the Insured in respect of additional costs necessary to maintain working procedures after a physical loss or damage which are indemnifiable under Section 1 and/or 2 of the Policy.
This insurance is specially designed to cover all computers, PABX system, Building Intelligence System, and all other electronic equipment.
The Sum Insured for Section 1 - Material Damage must always be the replacement value of the electronic equipment (ie. Value of the new item plus custom duties, transportation and freight charges and installation charges).
This Section of the Policy provides cover against any unforeseen and sudden physical loss of or damage to the Items insured during the period of insurance, from any cause other than those specifically excluded. This insurance covers the cost entailed for repair or replacement of equipment after loss or damage.
Section 2 - External Data Media
This Section of the Policy provides cover for both the material value of the external data media and the cost of reprocessing and restoring lost information after loss or damage.
Section 3 - Increased Cost of Working
This Section of the Policy indemnifies the Insured in respect of additional costs necessary to maintain working procedures after a physical loss or damage which are indemnifiable under Section 1 and/or 2 of the Policy.
This insurance is specially designed to cover all computers, PABX system, Building Intelligence System, and all other electronic equipment.
The Sum Insured for Section 1 - Material Damage must always be the replacement value of the electronic equipment (ie. Value of the new item plus custom duties, transportation and freight charges and installation charges).
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