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SPECIAL CONDITION CONCERNING OBSOLETE EQUIPMENT

SPECIAL CONDITION CONCERNING OBSOLETE EQUIPMENT

Risks : EEI

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurer’s liability in respect of electronic data processing equipment the manufacture of which has been discontinued, or for which spare parts are no longer available (obsolete equipment), shall be restricted to the period of business interruption which would arise if a current model or type of data processing system of equal performance had to be repaired or replaced.


Klausula ini biasa dilekatkan pada POlis Electronic Equipment Insurance

Electronic Equipment Insurance policy provides comprehensive coverage against unforeseen and sudden physical loss or damage to your electronic equipment and data media.
The policy covers:

Material damage (equipment, e,g, computers, microprocessors, systems software)
External data media, including information stored thereon and
Increased cost of working resulting from accidental loss and/or damage to
Main exclusions
The policy does not cover any loss or damage due to:

War or warlike operations
Nuclear perils
Wilful act or wilful negligence
Wear and tear or gradual deterioration due to atmospheric conditions
Aesthetic defects
Consequential losses
This is not an exhaustive list.

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