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Electronic Equipment

Scope of cover

Policy offers coverage under the following sections :

  • Section I Material damage which covers loss or damage to hardware
  • Section II Damage to external data media
  • Section III : Increased cost of working covering the cost of hiring alternate equipment
This insurance indemnifies the Insured against any physical loss or damage due to following perils.
  • Fire, lightning and explosion
  • Smoke, heat
  • Short circuit and other electrical and mechanical breakdown
  • Riot, strike, malicious and terrorism
  • Failure of air-conditioning equipment
  • Burglary, theft and larceny
  • Flood and all types of water damage
  • Entry of foreign body, dirt
Major Policy Extensions
  • Expediting express freight, holiday rates & overtime
  • Air freight
  • Owner’s surrounding property
  • Escalation
  • Additional custom duty
  • Third party liability

Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

UIN no. IRDAN123P0035V01200203