Electronic equipment

You can cover your electronic equipment for either

• Material damage.
• Consequential loss.

Material damage

Your electronic equipment is covered against loss or damage. This damage must occur while the equipment is at work or at rest, in transit or being temporarily removed.

You’re also covered for:

• The costs of dismantling, re-erecting, transporting, and removing the damaged property.
• Fire extinguishing charges.
• Clearing costs.
• Express delivery and overtime.
• Professional fees.

Consequential loss

Consequential loss covers you for the additional, reasonable and necessary costs which you incur as a result of accidental loss or damage to your electronic equipment, as well as the reasonable and necessary costs for the reconstitution or recompilation of data or programs, recorded on or stored in data-carrying media.

Material damage and consequential loss

You’re covered for/against:

• Additional equipment or programs purchased by you.
• The devaluation or revaluation of the Rand against that of the country of origin of the insured equipment.
• The loss of laptops, notebooks or palmtop computers, as well as all other portable computer equipment, anywhere in the world.
• Hire purchases/finance agreements.
• Loss or damage due to power surges/lightning strikes.
• The actions of tenants.
• Total loss (in terms of replacement and market value).
• Restoration expenses.

Material damage

Loss or damage to property due to or caused by

• Dysfunctional/malfunctioning equipment, unless accompanied by physical damage.
• Faults or defects known to you (or your responsible employees).
• The wastage of material, wear and tear, the development of poor contacts, or scratching of painted or polished surfaces of a cosmetic nature.
• Costs incurred to reproduce data or programs, whether recorded on cards, tapes, disks or otherwise.
• Loss of use, consequential loss, damage or liability.
• Theft or disappearance, unless the loss is accompanied by forcible and violent entry into, or exit from, that part of the building, or as a result of theft or attempted theft.
• Theft during transit.
• Viruses, Trojans and worms.

As well as loss, or damage to

• Property covered by any maintenance or leasing agreement.
• Parts which have a short life such as bulbs, valves, contacts, X-ray tubes, cathode ray tubes, thermionic emission tubes, fuses and sacrificial buffer circuits.
• Equipment which has been stolen from any motor vehicle.

Consequential loss

You’re not covered for consequential loss due to

• Fines or penalties for breach of contract, for late or non-completion of orders, or any penalties of any nature.
• Loss of profit.
• Additional amounts by which loss is increased.
• Viruses, Trojans and worms.

Material damage and consequential loss

You’re not covered against loss or damage arising from the action of any:

• Computer virus.
• Trojan.
• Worm.
• Destructive media.

• Material damage: Non-forcible and violent entry into a vehicle.
• Consequential loss: Telkom (or a similar service provider’s) access lines.
• Material damage and consequential loss: Incompatibility cover.
• Material damage and consequential loss: Riot and strike.