Electronic Equipment Insurance

Electronic Equipment Insurance covers the repair and replacement costs in the event of sudden and unforeseen damage to the electronic machines, equipment, and information processing systems specified in the policy, whether during operation (after the trial period), maintenance, relocation, or while idle.

The coverage includes damages caused by personnel or third-party errors, negligence, carelessness, and sabotage. It also covers theft or attempted theft, malfunctions resulting from faulty design or materials, electrical failures such as short circuits, overvoltage, and induction currents. Losses resulting from fire, lightning, explosion, and fire-extinguishing efforts, as well as damage caused by smoke, soot, and scorching, are also included. Excluding earthquakes, natural disasters such as storms, floods, and landslides, as well as corrosion caused by water and humidity, are covered under this insurance.

Additionally, other sudden and unforeseen risks not specifically excluded are also within the scope of coverage.

Exclusions from Coverage

The following situations are not covered by the insurance policy:

• War and internal conflicts (war, invasion, rebellion, military operations, etc.)

• Nuclear risks (radiation, nuclear fuel residues, etc.)

• Damages resulting from intervention by public authorities

• Loss of profit and financial liabilities

• Wear and tear, rust, corrosion, and oxidation over time

• Defects under the responsibility of the manufacturer or seller

• Known faults, deficiencies, and malfunctions existing at the start of the insurance

• Damages caused by operating devices that have not been repaired

• Non-functional adjustments, maintenance, and repair costs

• Wear on parts and materials that require regular replacement

• Purely aesthetic defects (scratches, scuffs, etc.)

• Damages caused by the policyholder’s intentional acts or gross negligence

• Chemical/biological damage resulting from terrorist acts or efforts to prevent them