Accidental Damage Protection
Accidental Damage Protection provides Insurance coverage to electrical electronics dealerships and their customers who may subscribe to the e-channel protection scheme.
What is Insured?
- Falling/Dropping off of items insured from a position where it was originally placed and crashing
- Falling/Dropping off of items insured from a position where it was originally placed and crashing
- An object falling on the Electronics and damaging it.
- Damage as a result of fire.
- Damage to screen
- Damage occurring while in transit or during relocation or while dismantling for the purpose of cleaning, repairing overhauling.
What is not Insured?
- Wear and tear. Theft
- Aesthetic Defects – (scratches or enameled surfaces)
- Manufacturer/Suppliers defects/faults
- Damage due to electrical supply faults/failures, Corrosion, Incrustation.
- Gradual deterioration due to atmospheric conditions
- Willful or deliberate acts, Defective workmanship, inherent vice
What can be Insured?
- Electronic & Departmental Stores
- Multi-purpose shops & Supermarkets
| VALUE | PREMIUM |
|---|---|
| Below 100,000 | 1,000.00 |
| 100,001 - 200,000 | 2,000.00 |
| 200,001 - 300,000 | 3,000.00 |
| 300,001 - 400,000 | 4,000.00 |
| 400,001 - 500,000 | 5,000.00 |
| 500,001 - 600,000 | 6,000.00 |
| 600,001 - 700,000 | 7,000.00 |
| 700,001 - 800,000 | 8,000.00 |
| 800,001 - 900,000 | 9,000.00 |
| 900,001 - 1,000,000 | 10,000.00 |