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The policy is to cover the computer systems for:
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Section I (Material Damage) |
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The Insurer will indemnify the Insured against any unforeseen and sudden physical
loss or damage to the electronic equipment (Interest Insured) from any cause, other
than those specifically excluded from the policy.
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Section II (External Data Media) |
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The Insurer will indemnify the Insured if the external data media entered in the
Schedule inclusive of information stored thereon, which can be directly processed
in EDP system, suffer any material damage indemnifiable under Section I of the policy,
the cost of restoring the Insured external data media by replacing lost or damaged
data media by new material reproducing lost information.
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Section III (Increased Cost of Working) |
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The Insurer will indemnify the Insured for any additional expenditure incurred for
the use of substitute EDP equipment not covered under this policy up to an amount
not exceeding the agreed sum insured entered in the Schedule provided cause of damage/lost
is indemnifiable by Section I of the Policy.
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