Electronic Equipment
Who is it designed for
This insurance is designed for legal entities, one-man companies or freelances, who are owners or leaseholders of the equipment described below.
Subject of the insurance
Electronic equipment, including periphery equipment and other devices to the equipment and its operating systems, telecommunication equipment, radio and television equipment, medical equipment, measuring equipment, other electronic equipment and data records that are installed, duly tested and ready for use.
Insurance cover
The insurance cover contains three sections:
SECTION “A” - MATERIAL DAMAGES
Under this section the Insurer shall provide insurance cover for named described electronic equipment and devices that are installed for intended use at the site of the insurance against complete loss or partial damage as a result of sudden and unforeseen manifestation of the following risks:
1. fire, thunder strike, explosion and implosion, crush and/or fall down of piloted air-craft, its parts
and/or cargo;
2. short circuit and/or overvoltage;
3. natural perils, such as storm, hail, torrential rain, flood, natural snow or ice heaping, frost-damage, landslide or collapse of land strata;
4. wetting as a result of failure of water-main, sewerage and steam-main installations and the devices connected to them;
5. housebreaking and/or technical device;
6. armed robbery;
7. vandalism;
8. negligence, incorrect use of the equipment, operational errors of the employees of the Insurant;
9. X-Ray and laser tubes, fixed disk devices, memory devices based on semiconductors and such based on electromagnetic coils shall be covered only against the risks fire, wetting as a result of failure of water-main installations and housebreaking, unless otherwise agreed in the policy.SECTION “B” – DATA RECORDS
The Insurer shall indemnify damages, losses and/or expenses resulted directly from covered insurance event under section "A", such as:
1. damage or destruction of data records (including the information saved thereon) located at the address written in the policy, as well as their duplicates located at other address, occurred as a result of an event not being predictable at the time of conclusion of the policy, so that they have become no longer readable or writable;
2. loss of insured data records, resulting from housebreaking or armed robbery.SECTION “C” – ADDITIONAL EXPENSES
The Insurer shall cover the additional expenses resulted from an insurance event under section "C" and necessary for the continuation of the working procedures that could not be performed otherwise, such as:
1. use of external equipment;
2. application of work procedures and methods different than the usual one;
3. renting substitution equipment;
4. external services;
5. hiring additional employees.
Sum insured
1. The sum insured under section "A" shall be set on the basis of the equipment's recovery or real value.
2. The sum insured under section "B" shall be set on the basis of the recovery value of the data records and the necessary expenses for the recovery of the information (information input from duplicated data records or manual input in the cases, where the input from duplicated data records is not possible). The recovery of the damaged information should be done within 12 (twelve) months time from the data of the event, otherwise shall be recovered only the value of the data records.
3. The sum insured under section "C" shall be set on the basis of the amount needed for hiring alternative equipment for the time of one month or other period of cover agreed between the parties, but not longer than 12 (twelve) months.
Insurance premium
The insurance premium shall be calculated according to the rates of HDI Insurance Company depending on the insurance cover and the sum insured.
Validity of the insurance cover
The insurance cover shall be valid only for the equipment, located at the address written in the policy.
Insurance term
Тhe standard term of the insurance is 1 year.
