QUOTING GUIDELINES – electronic equipment

Please refer any quotes to Covertec:

  • Where an individual item has a value greater than $25,000 inc GST.
  • If the total sum insured is greater than $100,000 inc GST.
  • If the equipment type is not listed in the quote tool.
  • If equipment is located in multiple locations.
  • On equipment used for student education purposes (years K-12). Rates provided are for domestic and/or commercial use only.
  • 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:

  • That is more than 1 month old, except for photographic equipment where confirmation of value is required from a dealer approved by Covertec.
  • That was not purchased in Australia by an Australian resident.
  • That was not purchased from a manufacturer’s authorised supplier or as otherwise approved by Covertec.
  • That is not usually domiciled in Australia.
  • Where there has been a previous claim in the last 5 years.
  • 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.