QUOTING GUIDELINES – electronic equipment
Please refer any quotes to Covertec:
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Where an individual item has a value greater than $25,000 inc GST.
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If the total sum insured is greater than $100,000 inc GST.
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If the equipment type is not listed in the quote tool.
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If equipment is located in multiple locations.
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On equipment used for student education purposes (years K-12). Rates provided are for domestic and/or commercial use only.
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On equipment that is not normally located within Australia. Cover is provided for equipment travelling outside Australia for up to 28 days any one trip only. An extension is available to a maximum of 180 days on payment of an increased premium.
We will not insure equipment:
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That is more than 1 month old, except for photographic equipment where confirmation of value is required from a dealer approved by Covertec.
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That was not purchased in Australia by an Australian resident.
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That was not purchased from a manufacturer’s authorised supplier or as otherwise approved by Covertec.
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That is not usually domiciled in Australia.
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Where there has been a previous claim in the last 5 years.
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Used in the mining (underground), energy, chemical and heavy industries.
Policy period
We are able to quote for policy periods of up to 2 years on new mobile equipment and 1 year on new photographic equipment.