Electronic equipment insurance

Cutting-edge insurance cover for all your electronic items

In a nutshell

The latest device, the newest app, constant updates… Keeping up with technology is enough to worry about, without also stressing about insuring the electronics that keep your business efficient in this digital world. The tech-savvy king of price gives you peace of mind… If anything goes wrong with your computers, licenced software, scanners and printers the king's got you covered. You can choose to insure consequential loss, or material damage… Or both.

  • The physical loss of, or damage to, the insured property stated on your policy schedule (as long as the cause isn't excluded).
  • Cover as stated on your policy schedule.
  • Partial loss (we will pay to get your electronic equipment back in working order)
  • Total loss (either replacement value or market value, according to King Price's terms)
  • Architects and other professional fees.
  • Clearing costs.
  • Express delivery and overtime.
  • Increased cost of working.
  • Reinstatement of data/programs.

Loss or damage to property due to or caused by

  • Disfunctioning or malfunctioning, unless accompanied by physical damage covered by this section.
  • Loss or damage recoverable in terms of a maintenance or leasing agreement.
  • Faults or defects known to you (or your responsible employees) and any consequential fault or defect.
  • Wastage of material, wear and tear, poor contacts or scratching of painted and polished surfaces of a cosmetic nature.
  • Parts with a short life span.
  • The costs of reproducing data or programs (unless otherwise stated on your policy schedule).
  • Loss of the use of the insured property or other consequential loss, damage or liability (unless specifically covered by the king).
  • Theft or disappearance (with exceptions and conditions as stated on your policy schedule).
  • Loss or theft during transit (with exceptions and conditions as stated on your policy schedule).
  • Theft from a motor (with exceptions and conditions as stated on your policy schedule).
  • Fines or penalties for breach of contract for late or non-completion of orders or any other penalties.
  • Loss of profit (unless otherwise stated on your policy schedule).
  • Any additional increase in loss.
  • Viruses, Trojans and worms.
  • Telecoms access lines.
  • Non-forcible and violent entry into a motor.
  • Incompatibility cover.
  • Riots and strikes.