|
 |
 |
 |
United India Industrial Insurance |
|
 |
|
Electronic Equipment insurance
We Cover
Electronic equipments such as Computers, Medical, Bio-Medical, Micro Processors, Audio-visual equipments etc.
Who can be Insured ?
The owner of the equipment. Interest of any financier may be protected by issuing a policy in the joint names..
What is insured ?
Section 1. Material damage.
Section 2. External data Media.
Section 3. Increased cost of working.
Insured against what risk?
Unforeseen and sudden physical loss or damage from fire and allied perils breakdown, short circuiting etc.
What is the Basis of Indemnity?
Section 1:
Partial loss:
Actual expenses incurred to restore it to its former state plus cost of dismantling, re-erection, ordinary freight, Duty (Depreciation only on parts with limited life).
Total loss:
Actual market value immediately before the loss plus ordinary freight, erection charges, Duty Excess, Salvage are deducted.
Section 2:
Expenses incurred within 12 months and strictly necessary for restoring the data media to its pre-accident condition would alone be payable.
Section 3:
1. Rental expenses incurred for substitute equipments on hourly basis.
2. Personal expenses.
3. Transportation charges.
What will policy not pay ?
Section 1:
Excess specified in policy, wear and tear, existing faults, loss/damage to exchangeable parts and consumables.
Section 2:
Excess specified, intrinsic value, consequential loss, Programming error - data media
Section 3:
Expenses due to: restrictions imposed by public authorities, non-availability of funds.
|
| |
|
|
 |
 Top Providers |
 |
ICICI Prudential Life |
|
SBI Life Insurance |
|
Life Insurance Corp. |
|
Bajaj Allianz Insurance |
|
United India Insurance |
|
|
| |
|
|
|
