Electronic Equipment Insurance is today a common policy for high valuable electronic equipment. The term electronic equipment comprises all electrical systems having moderate power requirement such as
Electronic data processing ( EDP ) equipment
Electrical and radiation equipment for medical use
Communication facilities
In other words all types of equipment which generate, convert, store transfer and/or process physical data and information can be insured. Electronic Equipment Insurance is one of the most comprehensive policies. The insurance protects owner as lesser or lessee, as operator, or as hirer, or as maintainer. This policy is an "Accidental" insurance of "all risk" basis covering almost all the perils but only after successful commissioning of the insured items. Mobile and portable equipment whilst at stationary or at transit any where in the country may also be covered under this policy. |
