Electronic appliances insurance

This insurance policy insures the electronic appliances functional or in state of operation. The policy covers the material /physical damage caused following a sudden and unpredictable event, occurred from an external source or cause, except the expressly mentioned exclusions, for the new electronic appliances at their invoice value, for the second hand electronic appliances at their new device updated value available on the market at the date of the insurance. The equipments of maximum five years are insured.

Applicability
This kind of Insurance Policy may be used to protect the electronic appliances in the following fields: 
1. Computing technique / office equipments “Office” type: computers, printers, fax machines, copy machines, didactic and presentation appliances, fully equipped offices
2. Telecommunication type equipments:  telephone exchanges, telex, radio stations, personnel tracing systems, radar systems, satellite stations, parabolic antennas
3. Medical equipments: X ray appliances, laboratory appliances, CT computer, endoscopes, ultrasound equipments, dental medicine
4. Graphic /photographic industry equipments
5. Radio /television /sound studios emission appliances: equipments for radio /TV, recording, TV and video studios, electroacustic systems
6. Measurement and control appliances, automation, etc.7. Different appliances with electronic components  


Covered risks
The electronic appliances insurance policy is a policy “all risks” type (“All risks”) and covers the material damage caused to the insured object, because of an event exterior to it: 
• damage or destruction so that the object may not fulfill its functions• loss by theft or heist
• specific risks of the electronic appliances, caused by:
- human error / other causes: negligence, non-training or inappropriate handling, operation errors, intentional damage caused by third parties, acknowledged bad faith
- fire:  with or without flame, any kind of explosion, implosion, thunder, falling of flying objects /artifact, as well as damage occurred as a consequence of the operations of fire fighting, demolishing, cleaning or evacuation of the spaces in case of fire.
-water:  coming from pipework, duct /used water, tides, flows, flooding, infiltrations, underground water, rain water, corrosion, steam, frost, floating ice, humidity caused by water or other liquids-natural phenomena:   earthquake, storm, blizzard, hail, avalanches, rock falling, calamities, other natural phenomena
- technology: construction errors, flaws of the material, fabrication flaws - all as a cause of a loss covered by the policy, overvoltage, induction, damage by the direct effect of lightning


Compensation
Should one of the insured risks occur, the insurance company shall compensate for: 
• repairing and replacement of the damaged equipment
• re-entering of data and purchase of programmes bought with a licence
• buying of new information support
• additional work occurred during the compensation period performed with the purpose of decreasing or avoiding the damage of the normal work procedures  

  

The insured amount according to the electronic appliances may also include the additional expenses (transportation, installation expenses, customs duties, VAT, etc.)