Electronic & Portable equipment
Electronic & Portable Equipment (EEI) Insurance has immense importance to the users of electronic equipment. The EEI Insurance policy covers sudden and unforeseen material damage to electronic equipment. The EEI Insurance is a combination of fire and allied perils as well as machinery breakdown and burglary.
Sum Insured should represent the present-day replacement value of similar new equipment, including all incidentals and cost of erection.
EEI is an all-risk policy that covers damage due to:
- Smoke, soot, dust, corrosive gases etc
- Environmental contamination
- Water and Humidity
- Short circuit
- Falling objects and entry of foreign objects
- Fire, lightning, explosion
- Human Errors like faulty/Careless/negligent operations
- Riot, Strikes, Malicious damage
- Theft and Burglary
- Natural calamities like flood, Inundation, Storm, Cyclone, Earthquake
- Subsidence, Land-slide, Rockslide.
