The owner of the equipment. Interest of any financier may be protected by issuing a policy in the joint names..

Unforeseen and sudden physical loss or damage from fire and allied perils breakdown, short circuiting etc.

• 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:

1. Rental expenses incurred for substitute equipments on hourly basis.
   
2. Personal expenses.
   
3. 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.