Business Insurance Policy Wording - Part 3 of the Product Disclosure Statement
Section 1E - Property: Restoration of Computer Data
This section of the policy covers the rewriting of your computer records following a breakdown of the computer which we have agreed to pay a claim for under Section 1D - Breakdown.
Along with any other sections of cover you have chosen, this document makes up Part 3 of your
Product Disclosure Statement.Your Product Disclosure Statement is made up of parts 1, 2 and 3.
You can claim for the restoration of computer data as described under “What we cover” if:
- we have agreed to pay a claim under Section 1D for repair or replacement of computer equipment;
- the data is lost as a direct result of the event claimed for under Section 1D;
- “Restoration of Computer Data” is shown under Computer Breakdown in the schedule ;
- the loss or damage is not excluded under the “What we exclude” column of this section; and
- the loss or damage is not excluded by any of the General Exclusions listed in the Customer Information Booklet (known as Part 2
of the PDS).
| What we cover |
What we exclude |
| The costs of restoring the data stored on media lost or distorted as a result of loss of or damage to the computer. |
loss or distortion of data due to defects in the media.
Any consequential loss.
Restoration of data other than that required after the most recent functional back-up.
The cost of restoration of data more than 5 working days before the loss or damage took place.
loss or damage caused by a computer virus. |
What we will pay for Restoration of Computer Data
If we agree to pay a claim, we will pay the costs incurred in restoring lost or distorted data.
Limits to what we pay
We will not pay more than:
• the costs for restoring data for the 5 days preceding the date of loss or damage,
or
• the insured amount shown in the schedule whichever is the lesser.
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