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Note : A brief snapshot about the policy is given.For complete information refer to policy wordings or visit our nearest branch office.

We Cover

Electronic equipments such as Computers Medical Bio-Medical Micro Processors Audio-visual equipments etc.

Who can be Insured ?

The owner of the equipment. Interest of any financier may be protected by issuing a policy in the joint names

What is insured ?

Section 1. Material damage.
Section 2. External data Media.
Section 3. Increased cost of working.

Insured against what risk?

Unforeseen and sudden physical loss or damage from fire and allied perils breakdown short circuiting etc.

Section 1:

Partial loss:

Actual expenses incurred to restore it to its former state plus cost of dismantling re-erection ordinary freight Duty (Depreciation only on parts with limited life).

Total loss:

Actual market value immediately before the loss plus ordinary freight erection charges Duty Excess Salvage are deducted.

Section 2:

Expenses incurred within 12 months and strictly necessary for restoring the data media to its pre-accident condition would alone be payable.

Section 3:

Rental expenses incurred for substitute equipments on hourly basis.
Personal expenses.
Transportation charges.

Section 1:

Excess specified in policy wear and tear existing faults loss/damage to exchangeable parts and consumables.

Section 2:

Excess specified intrinsic value consequential loss Programming error - data media

Section 3:

Expenses due to: restrictions imposed by public authorities non-availability of funds.

Particulars of cover liability and exclusion given above are not complete or exhaustive :
Our nearest Branch Office branch may be approached for complete details.