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PORTABLE EQUIPMENT INSURANCE

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All portable equipment such as laptops, mobiles, cameras, portable medical equipment, etc., which are carried in person are covered under this Policy. This insurance is also called “All Risk Insurance”.

Cover is for accident or misfortune (a wider term). Policy coverage is worldwide, but claim would be settled in Indian currency. Sum Insured to represent current reinstatement price of a new similar one. Mere breakdown or electrical or mechanical fault is not covered unless caused by an accident. Unexplained damage/loss, mysterious disappearances, theft from unlocked vehicles are exclusions.

Proposal having list of equipment with details of serial no., make/model, year of manufacture and current reinstatement value needs to be provided.

PORTABLE EQUIPMENT INSURANCE

BENEFITS

  • Sum insured to represent current reinstatement value of equipment.
  • Accidental damage to equipment could be covered which is not available in the guarantee by the Original Equipment Manufacturer.
  • Articles with intrinsic values can be covered on agreed value basis on production of a valuation certificate.

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