Covers sudden, unforeseen damage to your equipment that requires repair or replacement.
Does not cover:
- Damage from natural disasters like earthquakes or hurricanes
- Pre-existing faults
- Routine maintenance
- Power supply interruptions
- Fixing functional errors not caused by an insured acciden
- Losses covered by a manufacturer’s warranty
- Consequential losses
- General computer losses
- Terrorism or political risks
- Any amount below the policy excess
Covers your data storage items (e.g., discs, drives) and the cost to rebuild or restore lost data, if the damage is caused by an event covered under Section I.
What’s included:
- The value of the data media
- The estimated cost of restoring the data
Does not cover:
- Loss caused by incorrect programming, labelling errors, accidental deletion, or magnetic fields
- Consequential loss
- Losses below the policy excess
If a covered accident interrupts your operations, this section helps you cover extra costs like using substitute or hired equipment while you get back on track.
What’s included:
- The estimated 12-month cost of using similar substitute equipment
- Transport or material costs (if listed separately in your schedule)
Does not cover:
- Restrictions by public authorities
- Delays caused by lack of funds to repair/replace equipment
- Losses below the policy excess
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