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ELECTRONIC EQUIPMENT INSURANCE

 

                                  ELECTRONIC EQUIPMENT INSURANCE

 

All Establishments, Organizations, Companies have the use of electronics in their day to day operations.

With increased use of sophisticated electronic machines, the demand for insurance of the Equipment has become necessary. An Electronic Equipment Insurance Policy to cover all Equipment is the need of the hour.

What is Covered?

All Electronic Equipment including… 

·         Medical Equipment—ECG, EEG, CT Scanners

·         Communication Equipment—TVs, Modems, Video Players, Video Phone, Facsimiles.

·         Office Equipment—P C s, Computers.

·         Industrial Equipment—CNC Machines Process Control Machines, Instrumentation.

·         Auxiliary Equipment—UPS, SERVO Stabilizers, Room A Cs.

 

Ø  The term equipment shall include the entire computer system consisting of CPU, Keyboards,

Monitors, Printers, Stabilizers, UPS, System Software etc.

Ø  Movable/Portable Electronic Equipment like testing and Biomedical equipment can be covered.

 

Policy Coverage:

It is a wide ranging cover in following three sections –

            Section - I: Provides material damage cover to the main equipment.   All Risks Cover, MBD, EBD, Fire, Lightning, Explosion, Theft, Burglary, HB, Negligent Operation, Riot Strike Malicious Damage, Act of God Perils, (Earthquake, STFI, Subsidence Landslide including Rockslide, Lightning) 

            Sum Insured is the Current Replacement Value of Equipment.            

      Section – II: Provides cover to external data media used

      Section – III: Provides cover to increased cost of working which arises due to damage to the                           insured    equipment.

Who Can buy EEI Policy:

·         Owners, Lessors, Hirers of Electronic Equipment

 

SUM INSURED: Sum Insured shall be equal to the cost of replacement of the insured property by new property of the same kind and same capacity, which shall mean its replacement cost including freight dues and customs duties, if any and erection costs.

Securing assets and insuring against all odds is the best financial plan for any organization. Our specialized services provide assistance in your Insurance Management Program.

 

Disclaimer:   

Zen Insurance is an IRDAI registered broker which facilitates quick & accurate insurance broking services. We deal with only regulator approved products of insurers. We do not underwrite the products

 

 

 

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