Accidental Damage Protection

This policy is set in place to protect assets by covering unforeseen physical damage, ensuring business continuity and financial stability.

A set of Household appliances: Fridge, Vacuum Cleaner, Air Conditioner, Washing Machine, Toaster, Cooker

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?

  • Electronics & Department 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