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Portable Equipment Insurance
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Portable Equipment
This policy is essential for all professionals who use portable equipment, electronic and otherwise since it insures their property from risks of theft and damage. Under the portable equipment insurance policy, laptop computers and medical equipment can be insured.The individual value of each item covered cannot be less than Rs.10,000/-


Risks covered
  • This policy covers the portable electronic equipment from the risks of
  • Fire, explosion, lightning
  • Riots, strike and terrorist activity
  • Burglary/ theft.
  • Accident.
  • Electrical and mechanical breakdown.

Compensation Offered

This policy will provide compensation in event of a loss or damage to the electronic equipment based on cost of repairs or replacement based on market value of the product.

Exclusions
Portable equipment insurance is subject to exclusions arising from
  • Manufacturing faults or defects
  • Loss due to climatic conditions.
  • Cost of maintenance
  • Loss or damage for which insured is contractually liable

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