This is a specially designed policy which covers accidental loss or damage to electronic equipment. The policy covers the following types of equipments:
- Electronic data processing machine
- Telecommunication equipment
- Transmitting and receiving installations(including Radio, TV, Cinema Sound Reproduction and Studio Equipment)
- Material testing and research equipment
- Electro-Medical Installations
- Signal and Transmitting units
- Office calculators, duplicating machines and Reproduction machines
- Control and supervisory units
The policy can be extended to include the following risks on payment of additional premium:
- Damage to external data media for example punch cards, tapes, discs etc. as also the cost of reconstruction of data on this external media caused by a peril covered under the policy.
- The additional expenditure incurred due to use of a substitute computer system as a result of an accidental damage to the computer insured under the policy and which is covered by the policy.