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