The Insurer agrees to indemnify the Insured for material damage to the items of Computer Equipment and Data Carrying Media, or reinstatement data, or the cost of necessarily and reasonably additional expenditure to avoid business interruption; in consequence of insured subject matter described in the Policy.
This Policy does not cover:
- Loss or damage for which a manufacturer, supplier, contractor or repairer is legally responsible by contract or otherwise,
- Loss or damage due to faults or defects known to the Insured or any of the Insured’s responsible employees at the time the contract was arranged and not described to the Insurer,
- Loss or damage to parts which, by their use and/or nature, suffer a high rate of wear or depreciation.