Cover -
Electronic equipments such as Computers, Medical, Bio-Medical, Micro Processors, Audio-visual equipments etc.
The owner of the equipment. Interest of any financier may be protected by issuing a policy in the joint names can be insured.

Policy Cover -
Section 1. Material damage.
Section 2. External data Media.
Section 3. Increased cost of working.

Risk covered -
Unforeseen and sudden physical loss or damage from fire and allied perils breakdown, short circuiting etc.
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.

Exclusions:
➢ 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, nonavailability of funds.