What is Electronic Equipment Insurance
This is specific kind of insurance based on “all risk” cover. Electronic equipment insurance covers all sudden and unforeseen physical losses, which are not subject of exclusions, listed in insurance conditions. Subject of insurance are individual pieces of equipment or computer and data processing equipment of the Insured.
Our Electronic Equipment policy is specifically designed to meet these needs for both owners and hirers of equipment.
- Covers a variety of equipment from audio visual equipment through to medical equipment.
- Covers owned equipment and hired in equipment as well as data media.
- Worldwide data media cover.
- Further cover for resultant additional expenditure or financial loss can be purchased.
What’s coveredElectronic equipment insurance mainly covers material damage caused by following reasons:
- damage caused by operation
- damage caused by electric energy (short circuit, excess voltage or induction)
- damage caused by human element (faulty operation, lack of skill, negligence)
- damage caused by manufacturer (faulty design, defects in material, faults at workshop, faults in erection)
What’s not coveredUnfortunately, we can’t cover everything – make sure you’re happy with what’s not covered, including:
- Mechanical breakdown
- Loss of information
- Wear and tear
What’s optionalChoose optional add-ons at an additional cost to create cover that suits you.
- Political Violence and Terrorism: Cover against political violence and terrorism
Other types of insurance cover
You will need contents insurance, sometimes known as all risk cover, for items for which you require cover out with the home. Please provide details of these items at the time of quotation to ensure that the policy provided meets with your requirements.
Accidental Damage cover provides protection against costs incurred through damage that you, your family members or visitors may cause to the structure of your Building or to your Contents. Examples of incidents which would be covered under this extension include putting your foot through the loft floor damaging the ceiling below, leaving a tap running leading to water damage or carpet spillages. Such incidents would not be included under a policy taken out to cover Standard Perils only.
Additional charges will apply and in certain circumstances this cover might not be available.
Items kept in the garage or garden sheds will be covered under the Contents section of your policy provided you have included their value in the total sum insured declared. Limits may apply to the amount that can be claimed for theft of items taken from outbuildings and additional charges may be made for certain items such as ride on mowers. Cover for motor vehicles and motorcycles is excluded. Please declare your requirements for cover kept in outbuildings at the time of quotation to ensure that the policy provided meets with your requirements.
In most cases you will need to arrange cover for your own contents and personal possessions. Please refer to your tenancy agreement to check what, if any cover is provided by your landlord.
An excess is the amount a policyholder is required to pay towards the cost of any claim. You may be asked to pay this amount to a company that has carried out repairs on behalf of your insurer, or alternatively the sum will be deducted from any settlement received.
- Ensure you declare a list of items to be insured under contents insurance including serial numbers, model, make and have the correct sum insured
- Always keep valuables safely and locked out of site to protect against the risk of theft