In today’s world , gadgets like laptop, computers, iPads, tablets are part of every household. And of course, no household can run efficiently without a refrigerator, a washing machine, air conditioners etc. While we all ensure handling any electronic equipment needs is done with utmost care,, accidents and unforeseen incidents do happen. In order to be prepared for such losses one must ensure that all essential electronic equipments/ gadgets stand covered under the home insurance policy.. After all, a breakdown or damage of any such device can burn a huge hole in your pocket.
Electronic equipments are not only more susceptible to damage, but also expensive and not easily replaceable. Your home policy should also protect your electronic equipment loss due to Burglary & theft. So, while taking a home insurance, check if the policy coverage protects you against any accidental damage to your electrical and electronic devices.
By availing insurance for electronic equipment insurance,you can benefit in the following ways:-
Coverage against all accidental damages and natural calamities like fire, lightning, explosion, war, cyclone, earthquake, flood, landslide, rock slide etc.
Any damage to your electronic equipments due to any electrical and mechanica breakdown is covered.
Loss of external data drive like tapes, discs, hard drives etc. caused accidentally, as mentioned above
Cost of data restoration is covered here
Coverage is provided for repair and replacement
Coverage provided for parts and fittings
Damage resulting from any flooding caused by climate change
Any applicable deductibles as per the policy are excluded
Loss of earnings or indirect damage of any kind is not covered
Fees of architects, surveyors or consulting engineers (in excess of 3% claim amount) won’t be covered
The policy will not cover debris removal
Loss of rent is not covered
Additional expenses due to renting of an alternative accommodation are not included
Any damages that occur outside the insurance period are not covered
Secured 1.5+ Crore Smiles!@
All the support you need 24x7
Catering to customer needs
Transparency at its best
Awards
Secured #1.5+ Crore Smiles
All the support you need-24x7
Catering customer needs
Transparency at its best
Awards
Our Network
Branches
100+
Seamless & Superfast Claim Settlement
The premium is calculated based on the sum insured. The sum insured, on the other hand, is calculated based on the following factors –
● The equipment to be insured
● The age of the equipment
● The aggregate value of the electronic equipment
The sum insured is considered to be the total cost of replacing the damaged or stolen equipment with other equipment of the same model and condition.
Once the sum insured is determined, the premium is calculated. It is calculated as Rs.15 per mile of the sum insured. The maximum Sum insured can be upto 30% of Home Content Sum insured. The plan also offers additional worldwide coverage for your portable electronic equipment. If you opt for this coverage, the premium is increased by 10%.