Applies worldwide except as outlined below.

Does not apply to laptops, which are insured under Laptop Insurance.

Exclusions

Location Exclusions

• United States, its territories & possessions
• Puerto Rico
• Canada
• Any country or jurisdiction subject to trade/economic sanctions imposed by law or regulation of the United States.

Coverage Exclusions

• Fine Art
• Transit Delays
• Transit with total value greater than $300K
• Transit via ocean-going vessels; for this, please use Short Term Cargo Form
• Government action, including seizure by Customs
• Insect or vermin damage
• Dry or wet rot

Deductible

$1,000 per occurrence

Rate

$1.00 per $100 value per year

The cost to insure equipment is billed on an annual basis when you request insurance.

Items added during the policy year, which begins November 1, will be prorated on a monthly basis. Rates will be charged for an entire month if coverage begins later than the 1st of the month. For instance, coverage requested from January 10 through February 9 will be billed for two months.

There is now a $5 minimum premium for Equipment Insurance.

Formulas for Rate Calculation

(Value/100)*$1.00 = Premium per year
(Annual Premium /12) * # of months = pro-rated monthly premium

Examples

Computer equipment worth $10,500 is insured for a whole policy year while doing UW work in France.
($10,500/$100)*1.00=$105 per year

Computer equipment worth $10,500 will be insured while in France from March 24 through June 6.
($105/12)*4=$35 Total premium for 4 months