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What is Electronic Equipment Insurance?
This insurance provide indemnity in connection with loss or damage that occurs during the operation or at rest, being dismantled for purpose of cleaning or overhauling, or during subsequent re-erection, but only after successful commissioning
Product information
Plan overview
- Coverage period
- 12 months (1 year)
- Perils Coverage
- Material Damage, External Data Media, Increased Cost of Working
What it gives you
Features of Electronic Equipment Insurance
It covers your electronic equipment from risks below, to prevent bigger losses and/or damages.
MATERIAL DAMAGE
- unexpected and sudden physical loss or damage from any cause other than those specifically excluded
EXTERNAL DATA MEDIA
- damage to external data media entered in the schedule inclusive of the information stored thereon, which can be processed directly in the EDP system
INCREASE COST OF WORKING
loss due to arising of total or partial interruption of the operation of EDP equipment due to material damage indemnifiable under the policy
How much the premium is
Sample of calculation
The premium rates will be depending on:
- Sum Insured
Machine type
Year of manufacture
Other factors
What we don’t cover
war,
rebellion,
mutiny,
riot
Note: This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
Important information
This is general information and is not an insurance contract/agreement. Detail terms and conditions will be referred to the policy. It is crucial that you read and understand the policy's terms and conditions well.
Wait, I have a question.
You might find your answers in FAQs.
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