Section 1:
Partial loss:

Actual expenses incurred to restore it to its former state plus cost of dismantling re-erection ordinary freight Duty (Depreciation only on parts with limited life).

Total loss:
Actual market value immediately before the loss plus ordinary freight erection charges Duty Excess Salvage are deducted.

Section 2:
Expenses incurred within 12 months and strictly necessary for restoring the data media to its pre-accident condition would alone be payable.

Section 3:

• Rental expenses incurred for substitute equipments on hourly basis.
• Personal expenses.
• Transportation charges.

Section 1:
Excess specified in policy wear and tear existing faults loss/damage to exchangeable parts and consumables.

Section 2:
Excess specified intrinsic value consequential loss Programming error - data media

Section 3:
Expenses due to: restrictions imposed by public authorities non-availability of funds.

The scope of the cover can be divided into two sections

Section 1:

• Fire & all covers
• Burglary and theft
• Machinery breakdown / Boiler explosion / Electronic Equipment Insurance

Section 2:

• Consequential Loss following Fire ( FLOP ).
• Machinery Loss of Profit.

The exclusions are elaborated under two sections : excluded causes & excluded property

Excluded causes:

• Faulty design materials workmanship and construction
• Interruption loss due to failure of gas electricity and water supply
• Collapse or cracking of buildings
• Larceny fraud or dishonesty
• Wilfull negligence on the part of insured
• War group of perils
• Nuclear group of perils
• Destruction of property by public order

Excluded Property

• Money cheques securities of any description jewellery works of art goods held in trust or on commision computer system records
• Vehicles licensed for road use
• Property in transit outside premises
• Properties or structures in course of erection or demolition unless specifically covered.
• Land pavements railway and road lines untill specifically covered
• Property damaged as a result of its undergoing some process
• Livestock growing crops or trees
• Property removed to other locations exceeding 60 days
• Loss payable to the property covered under marine / other policies

Section II

• Insured's lack of sufficient capital
• Any restrictions imposed by any public authorities
• Loss of bussiness due to cancellation of order / Lease
• Damage to boilers machinery economizers and data equipment

• Policy covers the insured machinery plant and equipments while at work/idle being dismantled or removed or re-erected if performed in the same premises damage to electrical machinery due to fire originating within itself.
• It covers loss or damage due to faulty operation adjustment casting vibration entry of foreign objects loosening of parts self heating centrifugal force short circuit.

The sum insured representing the present replacement cost of the machinery.

Partial Loss
Full cost of parts plus the labour charges to and fro freight customs duty and charges for dismantling and re-erection. Excess applicable to the affected item is deducted from claim. Depreciation is applied for items with limited life.

Total Loss
Actual value of items immediately before the occurrence less appropriate depreciation. If under insured claim is paid only on proportionate basis.

Policy will not pay for loss/damage due to

• Fire and allied perils
• War and War like operations Nuclear perils
• Wilful act or gross negligence existing defects normal wear and tear and consequential loss
• Loss or damage falling under manufacturer's warranty