Electronic Equipment Insurance Cover

Electronic Equipment Insurance Cover - Lion Assurance insurance and cover products

What is Electronic Equipment Insurance Cover?

This insurance policy covers and insures against unforeseen physical loss and/or damage to the equipment and external data from any cause not specifically excluded.

The Insurance Policy covers and insures against any additional expenditure necessary and reasonably incurred for hire, substitute equipment, personal costs and other incidental costs incurred to instigate further loss or keep in operation.

This policy is also extended to cover*

  • Transit and away from premises
  • Power surge or lightning strikes are covered
  • Temporary removal
    Cover extends to include loss or damage to Insured Property from any cause whilst temporarily removed from Insured premises for purposes of cleaning, repair, overhaul or other similar purposes.
  • Capital additions
    Up to 10% of Sum Insured.
  • Theft or attempted theft
  • Riot, strike and civil commotion
  • Water, moisture and inundation damage

* Terms and conditions apply.

This policy does not cover the following*

  • War and related perils and terrorism
  • Faults or defects known to the insured or his responsible employees before the loss or damage occurred
  • Willful neglect
  • Loss of use of the equipment or other consequential loss damage (applicable to Section A only).
  • Year 2000 related problems and computer viruses
  • Fines and damages
  • Theft by own employees
  • Wear and tear or depreciation

* Terms and conditions apply.