The Electronic Equipment Insurance Policy of Bajaj Allianz General Insurance aims at covering a range of electronic equipment, from personal computers to hi-tech gadgets. The scope of the Electronic Equipment Insurance Policy coverage is divided into three sections and has certain exclusions per section.
Section I: The Electronic Equipment Insurance policy of Bajaj Allianz General Insurance covers physical damage or loss of electronic equipment.
Policy exclusions in this section of the Electronic Equipment Insurance Policy are as follows:
- Pre-existing defects of the item insured.
- Erosive actions, everyday wear and tear of the items insured.
- Loss, damage of glass, ceramics, and porcelain items.
- Scratches on painted, enameled and polished surfaces.
- Incurred costs due to the maintenance of insured items.
Section II: The Electronic Equipment Insurance Policy of Bajaj Allianz General Insurance covers costs incurred for reconstruction and re-recording of information and external data media.
Policy exclusions in this section include false programming costs, and information loss due to magnetic fields.
Section III: of the Electronic Equipment Insurance Policy covers increased Cost of Working.
Policy exclusions under this section include incurred costs for replacement and regeneration of data.
Besides the sectional exclusions of this Electronic Equipment Insurance Policy by Bajaj Allianz General Insurance, the other general exclusions to this Electronic equipment Policy coverage are damages or loss of insured items due to acts of terrorism, war risks, negligence, faulty design, partial / total cessation of work , defective material , consequential losses, contractual liabilities, property loss or damage which falls under the Maintenance Agreement terms, direct damage of item by aerial devices and gradual deterioration of items insured due to atmospheric conditions.