Sum Insured

Sum Insured for coverage can be based on following :
New Replacement cost of the insured property including Freight, Erection cost, Customs Duty, if any.
Cost of restoring the external data media by replacing lost or damaged data media by new material and lost information.
Sum Insured should represent the hiring charges per hour for substitute equipment for ensuring continued data processing for the period of indemnity specified, including personnel and transportation charges.

Add-On Covers

• Air Freight
• Express Freight
• Additional Customs Duty

Significant Exclusions
The Insurance Policy does not cover losses/ damages due to wear & tear, war, wilful act or wilful negligence, aesthetic defects and consequential loss.
Value of "System Software" which is integral to the built-in-software only could be included under Section-I. The "Application Software" being external is not covered.