Microsure Insurance

MICROSURE INSURANCE

This policy provides indemnity for damage to electronic equipment against sudden and unforeseen physical damage to the equipment in a manner necessitating repair or replacement.  This policy provides a wider scope of coverage than is available under the Computer and Electronic Equipment insurance as it includes theft and cover to specified laptops on a worldwide basis.

Coverage can be divided into 3 sections

I          Material Damage
Cover and cost of repair of equipment after loss or replacement after damage

Ii         Data Media Cover
The best computer cannot do its job without data.  If data bank or data media have been destroyed or stolen, information must be reinstated to its original state.  That can be very expensive.  These costs are covered under this section.

Iii        Increased Cost Of Working Cover(Icow)
If the computer cannot be used because of damage, at least the most pressing jobs must be continued on an alternative system.  Additional cost for rental, personnel, transportation of data etc are recovered under provision of this insurance

Exclusions
a)       Loss or damage directly/indirectly caused by or arising out of earthquake, volcanic eruption etc.
b)       Consequences of war invasions, act of foreign enemy, hostilities, civil war, rebellion, revolutions, insurrection or military or usurped powers.
c)       Loss of data following power fluctuation if there is no UPS
d)       Hard disk drives older than 4 years – generally computers older than 4 years will not be acceptable