Jumat, 03 Mei 2013

DATA DISTORTION / CORRUPTION / ENDORSEMENT (COMBINED)

It is noted and agreed this policy is hereby amended as follows :
The insurer will not pay for Damage or Consequential Loss directly or indirectly caused by, consisting of, or arising from :
(i)    Any functioning or malfunctioning of the Internet or similar facility or of any intranet or private network or similar facility.
(ii)    Any corruption, destruction, distortion, erasure or other losses or damage to data, software or any kind of programming or instruction set
(iii)    Loss of use or functionality whether partial or entire of data, coding, program, software, any computer or computer system or other device dependent upon any microchip or embedded logic and any ensuing inability or failure of the Insured to conduct business

This endorsement shall not exclude subsequent Damage or Consequential Loss, not otherwise excluded, which itself results from a Defined Peril not otherwise excluded. Defined Peril shall mean: Fire, Lightning, Earthquake, Explosion, Falling Craft, Flood, Smoke, Vehicle Impact, Windstorm or Tempest, Accidental Breakdown of an Object including Mechanical and Electrical Breakdown.

This endorsement shall not act to increase or broaden coverage afforded by this policy.

Such damage or consequential loss described in A, B or C above, is excluded regardless of any other cause that contributed concurrently or in any other sequence.

In consequence of all the foregoing the Annual Premium remains unaltered.

All other terms, conditions, and exclusions of this Policy remain unchanged.
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