Electronic equipment insurance coverage helps you protect your essential and beloved electronic equipment against unforeseen damages or losses. In today’s world, gadgets like laptops, computers, iPads, tablets, etc., are part of every household. And of course, no household can run efficiently without a refrigerator, a washing machine, air conditioners etc. While we all ensure handling any electronic equipment needs is done with utmost care, accidents and unforeseen incidents do happen. In order to be prepared for such losses one must ensure that all essential electronic equipment/gadgets stand covered under the home insurance policy with the electronic equipment insurance cover. After all, a breakdown or damage of any such device can burn a huge hole in your pocket.
Electronic equipment is not only more susceptible to damage but also expensive and not easily replaceable. Your home policy should also protect your electronic equipment loss due to Burglary & theft. So, while taking home insurance, check if the policy coverage protects you against any accidental damage to your electrical and electronic devices.
By availing insurance for electronic equipment insurance, you can benefit in the following ways:-
| Benefits | Details |
| Protects against natural calamities | It helps secure the prized electronic equipment in your home from accidental damages caused by flood, lightning, earthquake, etc. |
| Covers theft/burglary | Instances of theft or burglary can happen to anyone. Electronic equipment insurance protects your valuable electronics by covering damages caused by theft or burglary. |
| Simple claims process | The straightforward claim registration and quick settlements alongside 24/7 support make handling such damages or losses effortless. |
| Affordable coverage | Offers huge coverage at reasonable premium rates, making electronic equipment insurance affordable for everyone. |
| Peace of mind | With the financial backing of electronic equipment insurance under home content insurance, you can enjoy peace of mind and being a home owner/ tenant without skipping a beat. |
| Features | Benefits |
| Wide cover | It helps cover multiple essential electrical equipment in your home, reducing financial risks in case of any loss or damage sustained by them. |
| Round-the-clock support | With 24/7 customer support, getting answers to your queries and registering claims is a simple task. |
| Covers restoration and data loss | In addition to repair and replacement, electronic equipment insurance offers coverage for data loss and data restoration. |
| Financial assistance | In case of loss or damages to applicable electrical equipment, the policy offers appropriate coverage so you can tackle the situation financially. |
Coverage against all accidental damages and natural calamities like fire, lightning, explosion, war, cyclone, earthquake, flood, landslide, rock slide etc.
Any damage to your electronic equipments due to any electrical and mechanica breakdown is covered.
Loss of external data drive like tapes, discs, hard drives etc. caused accidentally, as mentioned above
Cost of data restoration is covered here
Coverage is provided for repair and replacement
Coverage provided for parts and fittings
Did you know that 68% of India’s land is prone to drought, 60% to earthquakes, 12% to flood, and 8% to cyclones? You can’t predict natural calamities; but you can protect your possessions against earthquake, flood, storm, hurricane, etc.
Damage resulting from any flooding caused by climate change
Any applicable deductibles as per the policy are excluded
Loss of earnings or indirect damage of any kind is not covered
Fees of architects, surveyors or consulting engineers (in excess of 3% claim amount) won’t be covered
The policy will not cover debris removal
Loss of rent is not covered
Additional expenses due to renting of an alternative accommodation are not included
Any damages that occur outside the insurance period are not covered
A variety of equipment is covered under the electronic equipment insurance under home contents insurance. A few examples include;
Televisions or TVs are a common part of Indian households and an essential source of entertainment and news. Electronic equipment insurance under home contents insurance covers any damages or loss sustained by it.
Refrigerators are the lifeline of the kitchen, storing foods, snacks, ice creams and so on. This policy covers this equipment so that your kitchen can keep working as usual.
Gone are the days of washing clothes by hand. Washing machines are costly and important in the household and electronic equipment insurance keeps it covered.
Spending summer days without an air conditioner is becoming more and more difficult with each passing year. If you want to be able to repair or replace a damaged/stolen AC without breaking the bank, invest in this policy.
Completing day-to-day chores with a damaged vacuum cleaner can be very annoying. Make use of the coverage under the home contents insurance policy’s electronic equipment insurance, and get it fixed/replaced in no time.
Here’s who can take electronic equipment insurance policy;
1. Homeowner: The owner of an independent building or apartment who wishes to protect their home contents or home contents and structure (including electronic equipment) from accidental damages can take this electronic equipment insurance policy.
2. Renter: A tenant or renter who wishes to cover their precious home contents (including valuable electronic equipment) can go for this policy.
Registering an electronic equipment insurance policy claim with HDFC ERGO is very simple. All you need to do is follow these simple steps;
1. Inform the insurer promptly and register the claim by calling the helpline number 022-6234 6234 or sending an email to care@hdfcergo.com,
2. Submit the necessary documents for the claims process, which may include a duly filled claims form, a copy of the maintenance agreement, a copy of the insurance policy, bills of any repair work carried out, insured equipment details, etc.,
3. Offer the required assistance and cooperation with the surveyor appointed to scrutinise and assess the damage/loss, and wait for them to complete the report and submit it,
4. Wait for further instructions (if any).
After going through the submitted report, the insurer will pay you the claim amount if it is approved.
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All the support you need-24x7
Catering customer needs
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Awards
Seamless & Superfast Claim Settlement
Excellent. I highly recommend this policy for your home
AJAJ CHANDSO DESAI
HOME INSURANCE POLICY
Good. Happy with the service, process and home insurance policy. Thank you HDFC ERGO t
CHANDRAN CHITRA
HOME SHIELD (GROUP)
Good service. Impressed with the quick turnaround time for my queries and requests. Would definitely recommend this!
LOGANATHAN P
HOME SHIELD INSURANCE
The premium is calculated based on the sum insured. The sum insured, on the other hand, is calculated based on the following factors –
● The equipment to be insured
● The age of the equipment
● The aggregate value of the electronic equipment
The sum insured is considered to be the total cost of replacing the damaged or stolen equipment with other equipment of the same model and condition.
Once the sum insured is determined, the premium is calculated. It is calculated as Rs.15 per mile of the sum insured. The maximum Sum insured can be upto 30% of Home Content Sum insured. The plan also offers additional worldwide coverage for your portable electronic equipment. If you opt for this coverage, the premium is increased by 10%.
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