Electronic Equipment Insurance Exclusions

The electronic equipment insurance policy is an all-risk policy designed for computers medical biomedical microprocessors and audiovisual equipment including the value of system software. Being an All Risk Insurance this provides complete cover except for the perils specifically excluded from the policy.

Electronic Equipment Insurance Fairfirst Insurance Limited

ELECTRONIC EQUIPMENT INSURANCE POLICY Whereas the Insured named in the Schedule hereto has made to The Tokio Marine Fire Insurance Company Ltd.

Electronic equipment insurance exclusions. Covers accidental damage where the equipment may drop whilst move. Hereinafter called Company a written proposal by completing questionnaire which together with any other statement made in writing by the Insured for the purpose of this Policy is deemed to be incorporated herein. These equipments are generally quiet in their operation.

Electronic equipment insurance covers all sudden and unforeseen physical losses which are not subject of exclusions listed in insurance conditions. This is specific kind of insurance based on all risk cover. 61 Contractors Plant and Equipment insurance 27 62 Boiler and Pressure Vessel Explosion insurance 28 63 Machinery Breakdown insurance 29 64 Loss of Profits following Machinery Breakdown insurance 30 65 Deterioration of Stock insurance 32 66 Computer All Risks insurance 33 67 Low Voltage and Electronic Equipment All Risks insurance 34 7.

Electronic Equipment Insurance Policy Mirabilis Engineering Underwriting Managers PTY Ltd Santam is an authorised financial service provider Licence number 3416 Page 5 of 10 Material. What is this product about. Electronic Equipment Insurance Read this Product Disclosure Sheet before you decide to take up the Electronic Equipment Insurance.

Policy andbook Engineering Insurance 1 Whereas the Insured by a Proposal and Declaration which shall be the basis of this contract and is deemed to be incorporated herein has applied to the Insurer hereinafter called the Company for the Insurance hereinafter contained and has paid. Electronic data processing EDP equipment. Our Electronic Equipment Insurance policy is specifically designed to provide complete cover to electronic equipment in case of breakdown or damage.

Costs towards elimination of functional failures unless such failures were caused by an indemnifiable loss or damage to the insured items. Please note only those covers shown in your policy. It includes any changes exclusions terms and conditions made to suit your individual circumstances and may amend the policy.

This Policy applies whether the insured items are at work or at rest or being dismantled for the purpose of cleaning overhauling or of being shifted within the. War or warlike operations. ELECTRONIC EQUIPMENT INSURANCE EEI The term electronic equipment is used for all systems which generally require very low voltage and power.

Equipment for research and materials testing. This policy provides you with coverage for your computers and other electronic equipment and it applies whether the items are at work or at rest or being dismantled for the. Electrical equipment for medical use.

NOW THIS POLICY OF INSURANCE. Electronic Equipment Insurance Policy. Breakdown means sudden and unforeseen physical damage resulting from electronic electrical or mechanical failure of the insured equipment arising from internal causes or power surgelow voltage which occurs at the situation during the period of insurance and requires immediate repair or replacement to enable normal operation to continue.

And any other written changes otherwise advised by us in writing such as an endorsement. This type of insurance covers sudden unforeseen physical damage due to. The Insurance Policy broadly covers material damage to electronic equipment which can include systems software due to sudden and unforeseen events cost of external data media including cost of reconstruction of data as also increased cost of working.

Subject of insurance are individual pieces of equipment or computer and data processing equipment of the Insured. The term equipment shall include the entire computer system consisting of CPU Keyboards Monitors Printers Stabilizers UPS System Software etc. Damaged caused by the following perils will typically be excluded in an Electronic Equipment Insurance policy.

General Exclusions 2 2. Lighting and navigation facilities. Pre-existing faults or defects normal wear and tear erosion corrosion etc.

AudioVisual equipments including the value of Systems Software may be covered under Electronic Equipment Policy. EEI Policy protects the Owner Lessor or Hirer where responsible either legally or through a leasing agreement of electronic equipments. Premium mentioned in the schedule and subject to the terms exclusions provisions and conditions contained herein or endorsed hereon the Insurers will indemnity the Insured in the manner and to the extend hereinafter provided.

Electronic Equipment Insurance Provides. Be sure to also read the general terms and conditions. These written changes vary or modify the above documents.

There are certain circumstances in which your electronic may be damaged that are not covered under the policy. Electronic Equipment Insurance Policy Wording 1. Of exclusion 5 above any loss destruction damage or liability is not covered by this insurance the burden of proving that such loss destruction damage or liability is covered shall be upon the Insured.

All Electronic equipments like Computers Medical Biomedical Micro-processors. Reliance Electronic Equipment Policy Exclusions Major exclusions under this policy include. General Conditions 3 Table of contents.

Electronic Equipment Insurance Liberty Insurance Singapore