Accidental Damage and Liquid Damage Cover

General Terms and Major Exclusions
• Coverages: Accidental damage/Liquid Damage
• 1 Claim is covered during the period of insurance
• The proposal is valid for Smartphones above 5,000/-
• Period of insurance: 1 year from the date of policy purchase
• Proposal only valid for new watches and not for old or refurbished watches
• This cover is available only for new Assets only and not to be provided to old or refurbished product. Insurance has to be purchased along with the Product & No standalone purchase allowed
• Coverage is based on IMEI/ Unique Serial No. In case of transfer, Customer have to start the transfer process by informing the company
• Free Look Period: Nil
• DIGIT will cater all the claims from claims servicing to claim settlement
• Deductible: Partial Loss: 5% of the sum insured subject to a min of 500; Total Loss: Sum Insured less depreciation + 10% Co-Pay


Major Exclusions
• Theft/Burglary/Mysterious disappearance/Unexplained losses are not Covered
• Any Loss Falling Under Mechanical Or Electrical Breakdown Or Electronic Derangement Or Malfunction
• Any loss covered under Manufacturer’s warranty or recall
• General exclusions of war, contributory negligence, consequential loss, terrorism
• Normal wear and tear, scratch, pealing of paint etc.
• Loss or damage resulting out of misuse or abuse, unlawful act or illegal activities
• Loss to data and contents including pictures, software, downloads, apps, music, or any content is not covered by this policy

Depreciation applicable as shown in the table below


Age of the Asset insured

Mobile Depreciation

Laptop Depreciation

Up to age 6 months
20%Nil

More than 6 Months and up-to 9 Months
30%10%

More than 9 Months and up-to 12 Months
30%20%