Comprehensive computer insurance

The present-day technology is not inexpensive, but it is delicate; the fact that business transactions and competitiveness of each successful company are resting on it emphasises the importance of IT technology even more.

What can be insured by this policy?

The subject matters of insurance include

• computer equipment (PC, processors, network equipment, mainframe, auxiliary devices, air-conditioning and other devices...),
• installations with pertaining equipment.

The insurance coverage may be contracted to include:

• external data carriers (e.g. magnetic tapes and disks),
• expenses of data reformatting,
• expenses of renting other computer.

What are the computers insured against?

One policy covers the "fire" and technical risks i.e. the contracted insurance covers risks such as:

• fire and lightning, explosion, storm, hail, water and steam, fall of an aircraft, manifestation and demonstration, land slipping and sliding, avalanche,
• machinery breakdown,
• burglary and robbery.

The insurance protection may be extended to include:

• loss of data due to breakdown (destruction) or loss of data carriers during transfer or due to deletion because of magnetic field effect, etc.,
• expenses incurred for renting another computer.

To which value do you pay the premium?

You pay the premium to the sum insured that should, if not otherwise agreed with you, equal:

• for items - to the price of a new item of same characteristics reduced by the amount of the estimated wear and tear (technical and economical),
• for insured data carriers - to the value mutually agreed between the insured and the insurer (insurance at "first risk"),
• for insured data carriers where there are data copies - to the expenses of making a copy of such data (insurance at "first risk").

Saving in premium can be realised by contracting your participation in damage - franchise.

What part of damage does the insurer indemnify?

If you insured the items to the sum insured that corresponds their value at the moment of the loss, we shall indemnify:

• in case of destruction of items - their value (to which the premium was collected),
• in case of damage to items - the amount of labour and material expenses incurred for repair.

With the insurance at "first risk" the insured is entitled to the indemnity but only up to the stipulated amount.

How to avoid a reduction of indemnity?

Reduction of indemnity refers only to the value of remainder and depreciation (if so contracted). If the value is correctly defined and equal to the sum insured, the indemnity is equal to the actual loss.

With the insurance at "first risk" a damage is indemnified in full, but only up to the contracted sum that shall be exhausted by one or more losses at the annual level.