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03/12/2017
Property Covered: On office furniture, fixtures and fittings the property of the Insured whilst contained within MTC, Winemakers Wharf, Grand Harbour, Valletta, MRS 1917, Malta Sum Insured: €2,500,000 Section 1 – Material Damage This Section covers accidental loss or damage to the Equipment (unless specifically excluded in the policy) specified below: Office equipment - Sum Insured: €730,000 Mobile equipment (worldwide cover) - Sum Insured: €50,000 Total Sum Insured: €780,000 Section 2 – External Data Media This Section covers external data media inclusive of information stored thereon in the event that the latter suffer any material damage indefinable under Section 1 of the Policy. The limit under this section amounts to € 50,000. Section 3 – Increase Cost of Working This Section covers the additional expenses necessarily and reasonably incurred for the sole purpose of avoiding or diminishing interruption of the business following loss or damage to the equipment insured under Section 1 above. The Limit under this Section amounts to € 50,000 Extensions 1. Cover for Loss or Damage Due to Strike, Riot and Civil Commotion (SRCC) 2. Cover of Extra Charges for Overtime, Night Work, Work on Public Holidays, Express Freight (Limit € 10,000) 3. Cover of Extra Charges for Airfreight (Limit € 10,000) 4. Cover for Earthquake 5. Cover for Hurricane, Cyclone and Typhoon 6. Cover of Full Replacement Value (Next Best Model) 7. Cover for Theft
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