| Products |
| |
Home
Products
Electronic Equipment
|
|
| Electronic Equipment |
 |
| Scope of Cover |
| This policy offers you protection
in case your electronic equipment suffers accidental loss
or Damage. The policy covers sudden and unforeseen physical
damage including breakdown to the electronic equipment
covered under the policy due to any reason not specifically
excluded. This policy covers entire range of Electronic
Equipment's from a Personal Computer to sophisticated
gadgetry. |
| Generally equipment
covered comes under following categories: |
|
Computers or Electronic
data processing machine |
|
Office calculators, duplicating machines
and Reproduction machines like fax, copiers, etc. |
|
Telecommunication equipment |
|
Transmitting and receiving installations
like servers |
|
Material testing and research equipment |
|
Electro-Medical Installations |
|
Control and supervisory units |
|
| The policy covers sudden
and unforeseen physical damage including breakdown to
the electronic equipment covered under the policy due
to any reason not specifically excluded. |
| Thus it covers damage caused
by the following perils:- |
|
Smoke, soot, dust, corrosive
gases etc |
|
Water and Humidity |
|
Short circuit and Electrical fire
risk |
|
Faulty operations, lack of skill |
|
Falling object and entry of foreign
bodies |
|
Fire, lightning, explosion |
|
Riot and strike and malicious damage and terrorism |
|
Theft and burglary |
|
Natural calamities – flood, inundation,
storm, cyclone and earthquake |
|
Subsidence, landslide, rockslide |
| |
|
|
| Loss of damage
caused by the following perils is specifically excluded
from the scope of the policy. |
| 1. |
Normal wear and tear and
corrosion of parts arising from use and continuous
operation (limited to parts immediately affected,
subsequent damage to other parts of the unit covered. |
| 2. |
War, wilful acts, gross negligence |
| 3. |
Faults for which third party is responsible
by law or contract |
| 4. |
Failure due to interruption of gas,
water or power supply. |
| 5. |
Aesthetic defects. |
| 6. |
Consequential loss of any kind. |
| 7. |
Loss to consumables and operating
media etc. |
|
| Exclusions |
|
War & Nuclear Risks
|
|
Willful Act / Negligence |
|
Partial / Total cessation of Work
|
|
Normal wear & tear |
|
Gradual deterioration due to atmospheric
conditions |
|
Loss or damage due to faulty design
|
|
Contractual liabilities |
|
Consequential Losses |
| |
|
|
Premium Calculation