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Electronic Equipment Insurance

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.

Benefits

By availing insurance for electronic equipment insurance,you can benefit in the following ways:-

  • Comprehensive coverage will be available against accidental damage resulting from lightning, fire, flood, earthquake etc.

  • Coverage against theft or burglary will be available too

  • Claims processing will be easy and hassle-free, with 24/7 support.

  • The premium will be affordable and coverage high

  • By insuring your equipment, you can ensure your peace of mind


What's Included?

Fire
Fire

Coverage against all accidental damages and natural calamities like fire, lightning, explosion, war, cyclone, earthquake, flood, landslide, rock slide etc.

Electrical and mechanical breakdown
Electrical and mechanical breakdown

Any damage to your electronic equipments due to any electrical and mechanica breakdown is covered.

Data loss
Data loss

Loss of external data drive like tapes, discs, hard drives etc. caused accidentally, as mentioned above

Restoration
Restoration

Cost of data restoration is covered here

Replacement
Replacement

Coverage is provided for repair and replacement

Parts
Parts

Coverage provided for parts and fittings

What's not Included?

Wilful negligence
Floods

Damage resulting from any flooding caused by climate change

Deductibles
Deductibles

Any applicable deductibles as per the policy are excluded

Earnings
Earnings

Loss of earnings or indirect damage of any kind is not covered

Fees
Fees

Fees of architects, surveyors or consulting engineers (in excess of 3% claim amount) won’t be covered

Debris
Debris

The policy will not cover debris removal

Rent
Rent

Loss of rent is not covered

Additional Expense
Additional Expense

Additional expenses due to renting of an alternative accommodation are not included

Lapsed Policy
Lapsed Policy

Any damages that occur outside the insurance period are not covered

Why HDFC ERGO?

Secured 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.
Why HDFC ERGO?

Secured 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.

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Frequently asked questions

Once the claim is registered and required documents are submitted, a surveyor is appointed to verify the details and submit the report. Upon receiving the report and if the report is satisfactory, the claim amount is calculated and paid to the policyholder.
In general, 30 days are required from the date of submission of the claim documents, to release the settlement
The term electronic equipment is used to refer to all those devices which require voltage and power to operate. These generally include TV, computers, laptops, CPU etc.
The sooner you inform, the better it will be. However, make sure that you inform in writing within 14 days from the date of loss/damage.
The electronic equipment policy is renewed annually.
Yes, you can cancel or terminate your policy anytime. Simply inform in writing and your request will be processed. Your premium, if paid, will be refunded.
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