{"id":21563,"date":"2022-07-14T08:14:17","date_gmt":"2022-07-14T08:14:17","guid":{"rendered":"https:\/\/insuropedia.in?p=21563"},"modified":"2026-02-10T09:09:29","modified_gmt":"2026-02-10T09:09:29","slug":"hospital-or-medical-equipment-insurance-what-is-covered-and-what-is-not","status":"publish","type":"post","link":"https:\/\/securenow.in\/insuropedia\/hospital-or-medical-equipment-insurance-what-is-covered-and-what-is-not\/","title":{"rendered":"Hospital or medical equipment insurance: What is covered and what is not?"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><b><span data-contrast=\"auto\">Hospital or medical equipment insurance<\/span><\/b><span data-contrast=\"auto\"> is a specialized policy designed to protect healthcare facilities against financial losses from damage or breakdown of critical medical devices. It covers equipment such as <\/span><b><span data-contrast=\"auto\">MRI machines, X-ray units, surgical tools, monitors<\/span><\/b><span data-contrast=\"auto\">, and more.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<h2 data-path-to-node=\"5\">Key Takeaways<\/h2>\n<ul data-path-to-node=\"6\">\n<li>\n<p data-path-to-node=\"6,0,0\"><b data-path-to-node=\"6,0,0\" data-index-in-node=\"0\">The &#8220;All-Risk&#8221; Distinction:<\/b> Unlike standard property insurance that only covers external perils (like fire), EEI covers <b data-path-to-node=\"6,0,0\" data-index-in-node=\"120\">internal breakdowns<\/b>, such as motor burnout in a CT scanner or circuit failure in a ventilator due to a power surge.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"6,1,0\"><b data-path-to-node=\"6,1,0\" data-index-in-node=\"0\">New-for-Old Requirement:<\/b> In the event of a claim, insurers provide the cost of a <b data-path-to-node=\"6,1,0\" data-index-in-node=\"81\">brand-new<\/b> machine of the same capacity. This is why you must set the Sum Insured based on current market prices, not the depreciated book value.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"6,2,0\"><b data-path-to-node=\"6,2,0\" data-index-in-node=\"0\">The Backup Clause:<\/b> For the &#8220;External Data Media&#8221; section to be active, hospitals must prove they have a data backup protocol. If a server crashes and there is no backup, the insurer may deny the cost of &#8220;recreating&#8221; that patient data.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"6,3,0\"><b data-path-to-node=\"6,3,0\" data-index-in-node=\"0\">Beyond the Machine:<\/b> EEI is unique because it can cover <b data-path-to-node=\"6,3,0\" data-index-in-node=\"55\">indirect costs<\/b>. If your MRI breaks and you have to outsource scans to a nearby lab at a higher cost, the &#8220;Increased Cost of Working&#8221; section covers that price difference.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"6,4,0\"><b data-path-to-node=\"6,4,0\" data-index-in-node=\"0\">Maintenance is Mandatory:<\/b> This is not a maintenance contract. Claims are often rejected if the damage is due to &#8220;gradual wear and tear&#8221; or &#8220;lack of professional maintenance.&#8221; Most insurers require equipment to be under a <b data-path-to-node=\"6,4,0\" data-index-in-node=\"221\">Preventative Maintenance Agreement (PMA)<\/b>.<\/p>\n<\/li>\n<\/ul>\n<h3 aria-level=\"3\"><b><span data-contrast=\"none\">\u2705 What Is Covered:<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:281,&quot;335559739&quot;:281}\">\u00a0<\/span><\/h3>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"76\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Accidental damage due to fire, theft, flood, or electrical\/mechanical breakdown<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"76\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Transit damage during equipment shifting (if included)<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"76\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Repair or replacement costs<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"76\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Equipment used on or off hospital premises (subject to policy terms)<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<h3 aria-level=\"3\"><b><span data-contrast=\"none\">\u274c What Is Not Covered:<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:281,&quot;335559739&quot;:281}\">\u00a0<\/span><\/h3>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"77\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Wear and tear or depreciation<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"77\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Pre-existing defects or mechanical failure before policy start<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"77\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Damages due to negligence or untrained personnel<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"77\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Acts of war, terrorism, or nuclear risks (unless specified)<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">This insurance is <\/span><b><span data-contrast=\"auto\">essential for hospitals, diagnostic labs, and clinics<\/span><\/b><span data-contrast=\"auto\"> to reduce operational risk and ensure continuity of patient care.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p dir=\"ltr\">Hospitals and <a href=\"https:\/\/securenow.in\/profession\/doctor-professional-indemnity-insurance\">medical establishments<\/a> use sophisticated electronic equipment which is critical for carrying out medical procedures, tests, and treatment. Damage to this equipment can hamper work and result in financial losses. Electronic equipment insurance (EEI) can be taken to overcome potential monetary losses and other related risks. We look at the types, features, and benefits, the inclusions and exclusions, and the claims process of such insurance plans here.<\/p>\n<p dir=\"ltr\">Additional Read: <a href=\"https:\/\/securenow.in\/insuropedia\/medical-establishment-insurance-all-about-professional-indemnity-policy\/\">Medical Establishment Insurance &#8211; All about professional indemnity policy<\/a><\/p>\n<h2 dir=\"ltr\">About Medical Electronic Equipment Insurance (EEI)<\/h2>\n<p dir=\"ltr\">Electronic equipment is indispensable for any business including medical establishments. If key electronic equipment crashes, your operations can come to a standstill. <a href=\"https:\/\/securenow.in\/property-insurance\/property-equipment-Insurance\">Electronic equipment insurance (EEI)<\/a> offers complete coverage for the loss or breakdown of electronic equipment. Hence it enables you, the policyholder to save on large, unexpected costs.<\/p>\n<h3 dir=\"ltr\">Types of EEI for covering medical equipment:<\/h3>\n<p dir=\"ltr\">There are 3 types of EEI with varying degrees of coverage :<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Complete coverage:<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">This policy offers coverage against possible perils which can lead to electronic equipment damage including fire, storms, landslides, and manual perils including terrorism, strikes, riots, etc.,<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">External Data:<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">This offers coverage for loss of data including loss of media files or the failure of media devices used to store media files. Hospitals deal with sensitive and important data of patients and thus loss of data is financially detrimental to them.<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Increased operational costs:<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">When electronic equipment is damaged, there is a need for alternative arrangements eg. replacement, or renting of equipment.\u00a0 Such expenses are under the <a href=\"https:\/\/securenow.in\/property-insurance\">insurance coverage<\/a> of this plan.<\/p>\n<p dir=\"ltr\">Additional Read: <a href=\"https:\/\/securenow.in\/insuropedia\/is-a-medical-indemnity-insurance-policy-meant-only-for-doctors-you-couldnt-be-more-wrong\/\">Is medical indemnity insurance meant only for doctors?<\/a><\/p>\n<h3 dir=\"ltr\">How to apply for EEI to insure your medical equipment?<\/h3>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">You have to fill out the application or proposal form with the requisite details of the equipment.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Next, your insurance company representative will physically inspect the equipment to ascertain its condition and fitness of the equipment and to authenticate the declarations made by the applicant in the proposal form.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Now they will value the equipment fairly and arrive at the sum insured.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Finally, they will calculate your premium.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">The insurance plan will typically cover the replacement costs, installation, and software costs.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">The plan may also cover external hardware, its replacement cost, and lost data cost.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">The<a href=\"https:\/\/securenow.in\/property-insurance\/property-equipment-Insurance\"> Electronic Equipment Insurance Plan<\/a> can also cover expenses incurred on any additional workers, personal expenses, and transportation costs to overcome the loss of equipment, data, etc.<\/p>\n<\/li>\n<li dir=\"ltr\">Your policy is issued after complete analysis and due diligence of all information and documents provided as per the underwriting standards.<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">It is you, the insured, who needs to submit all necessary documentation for filing the claim.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" role=\"presentation\">Additional Read: <a href=\"https:\/\/securenow.in\/insuropedia\/what-types-of-property-can-be-insured-under-property-insurance\/\">What types of properties can be insured under property insurance?<\/a><\/p>\n<h3 dir=\"ltr\">How does an insurer manage the claims under EEI?<\/h3>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">In case of an incident, you must intimate the insurance company immediately about the nature of the incident and the extent of the damage.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Now fill out the claim settlement forms and submit them along with the required documentation.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Also, submit all required documents and additional details regarding the damage\/incident as applicable.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Upon receiving these, your insurance company&#8217;s representative will investigate the details of the issue.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Next, the insurer may ask for more information or clarification.<\/p>\n<\/li>\n<li dir=\"ltr\">Upon establishing the genuineness of the claim, you will receive the claim amount in your account as the policyholder or the beneficiary.<\/li>\n<li dir=\"ltr\">If the claim is fraudulent, false, or beyond the coverage of the policy your insurer can reject the claim.<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">If the insurer offers to settle a claim amount that you think is insufficient for the loss, you as the policyholder can raise a dispute. Typically, there would be an escalation matrix that each insurer would provide. Alternatively, you can go to the Insurance Ombudsman or the court of law.<\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\">What are the inclusions under EEI?<\/h3>\n<p dir=\"ltr\">All equipment that falls under the category of:<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Computer or allied peripherals,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Auxiliary equipment like UPS,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Voltage stabilizers,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Telecommunications or navigation equipment,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Electronic control panels,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">AV (audio visual) equipment,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Electronic equipment for testing,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Research purposes,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Other medical equipment like CAT, MRI scan, ultrasound devices, path lab, X-ray machines, etc.,<\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\">What are the exclusions of EEI?<\/h3>\n<p dir=\"ltr\">The exclusions of EEI are:<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Depreciation of the equipment during the normal course of operation.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Damage due to modification of equipment.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Damage due to overhauling.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Damage due to war or nuclear explosions.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Damage due to lack of maintenance of the equipment, and,<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Any damage that was already part of the equipment.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Expenses on the loss of data will come under the purview of insurance only if there are no backups of the system.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\" role=\"presentation\">Damage to equipment due to pressure waves from aerial devices.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">These are common exclusions across most insurance companies offering EEI. However, it is important to undertake a thorough comparison across vendors before you buy.<\/p>\n<h2 data-path-to-node=\"2\">Summary: Medical Equipment Insurance (EEI)<\/h2>\n<div class=\"horizontal-scroll-wrapper\">\n<div class=\"table-block-component\">\n<div class=\"table-block has-export-button\">\n<div class=\"table-content not-end-of-paragraph\" data-hveid=\"0\" data-ved=\"0CAAQ3ecQahgKEwjhoOnS4suSAxUAAAAAHQAAAAAQ4wU\">\n<table data-path-to-node=\"3\">\n<thead>\n<tr>\n<td><strong>Feature<\/strong><\/td>\n<td><strong>Details<\/strong><\/td>\n<td><strong>Strategic Insight (2026)<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"3,1,0,0\"><b data-path-to-node=\"3,1,0,0\" data-index-in-node=\"0\">Primary Focus<\/b><\/span><\/td>\n<td><span data-path-to-node=\"3,1,1,0\">Sudden &amp; unforeseen physical damage\/breakdown of electronic devices.<\/span><\/td>\n<td><span data-path-to-node=\"3,1,2,0\">Covers both &#8220;External&#8221; (Fire\/Flood) and &#8220;Internal&#8221; (Short-circuit) risks.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"3,2,0,0\"><b data-path-to-node=\"3,2,0,0\" data-index-in-node=\"0\">Sum Insured<\/b><\/span><\/td>\n<td><span data-path-to-node=\"3,2,1,0\">Must equal the <b data-path-to-node=\"3,2,1,0\" data-index-in-node=\"15\">New Replacement Cost<\/b>.<\/span><\/td>\n<td><span data-path-to-node=\"3,2,2,0\">Include freight, custom duties, and installation to avoid &#8220;under-insurance.&#8221;<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"3,3,0,0\"><b data-path-to-node=\"3,3,0,0\" data-index-in-node=\"0\">Data Protection<\/b><\/span><\/td>\n<td><span data-path-to-node=\"3,3,1,0\">Covers restoration of data from external media (discs\/tapes).<\/span><\/td>\n<td><span data-path-to-node=\"3,3,2,0\">Valid only if a functional <b data-path-to-node=\"3,3,2,0\" data-index-in-node=\"27\">backup system<\/b> is maintained by the hospital.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"3,4,0,0\"><b data-path-to-node=\"3,4,0,0\" data-index-in-node=\"0\">Operational Continuity<\/b><\/span><\/td>\n<td><span data-path-to-node=\"3,4,1,0\">Reimburses &#8220;Increased Cost of Working&#8221; (ICOW).<\/span><\/td>\n<td><span data-path-to-node=\"3,4,2,0\">Pays for renting alternative machines or hiring extra staff during repairs.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"3,5,0,0\"><b data-path-to-node=\"3,5,0,0\" data-index-in-node=\"0\">Verification<\/b><\/span><\/td>\n<td><span data-path-to-node=\"3,5,1,0\">Requires a physical pre-policy inspection.<\/span><\/td>\n<td><span data-path-to-node=\"3,5,2,0\">Insurers verify the serial numbers and maintenance logs of critical units.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 dir=\"ltr\">Conclusion:<\/h2>\n<p dir=\"ltr\">You can look at the product offerings in this category on SecureNow, to get a detailed analysis of the features, benefits, and exclusions. This will help you to make an informed decision before you buy.<\/p>\n<h2 aria-level=\"2\"><b><span data-contrast=\"auto\">FAQs<\/span><\/b><\/h2>\n<p><b><span data-contrast=\"none\">Q) What is hospital equipment insurance?<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\"><strong>A)<\/strong> Hospital equipment insurance provides financial protection against accidental damage, breakdown, or theft of medical devices and equipment used in healthcare settings.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\"> Q) What types of medical equipment are covered in insurance?<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\"><strong>A)<\/strong> It typically covers high-value items like MRI machines, ventilators, diagnostic tools, monitors, surgical equipment, and laboratory instruments.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\"> Q) What is not covered under medical equipment insurance?<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\"><strong>A)<\/strong> Insurance generally excludes wear and tear, existing faults, damages from negligence, and losses from war or terrorism unless explicitly stated.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\"> Q) Is medical equipment used outside the hospital covered?<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\"><strong>A)<\/strong> Some policies extend coverage to off-premise usage, such as during camps or home care, depending on the terms and endorsements.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\"> Q) Who should buy hospital equipment insurance?<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\"><strong>A)<\/strong> Hospitals, diagnostic labs, dental clinics, nursing homes, and healthcare startups with expensive equipment should consider this policy.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\"> Q) Does insurance cover equipment depreciation?<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\"><strong>A)<\/strong> No, most insurance plans do not cover depreciation or gradual wear and tear of equipment.<\/span><br \/>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is hospital equipment insurance?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Hospital equipment insurance provides financial protection against accidental damage, breakdown, or theft of medical devices and equipment used in healthcare facilities, subject to policy terms and conditions.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What types of medical equipment are covered under insurance?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Coverage generally includes high-value medical devices such as MRI machines, ventilators, diagnostic instruments, patient monitors, surgical equipment, and laboratory systems, depending on the policy scope.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is typically not covered under medical equipment insurance?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Common exclusions may include normal wear and tear, pre-existing defects, damage caused by negligence, and losses arising from war or terrorism unless specifically included under the policy.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is medical equipment used outside the hospital covered?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Some policies may extend coverage to off-premises usage, such as medical camps or home healthcare services, if such use is declared and covered under the policy endorsements.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Who should consider buying hospital equipment insurance?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Hospitals, diagnostic centres, dental clinics, nursing homes, and healthcare organisations with significant investment in medical equipment may consider this insurance to protect against financial loss from damage or breakdown.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Does medical equipment insurance cover depreciation?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Most policies do not cover depreciation or gradual wear and tear, as insurance is typically designed to cover sudden and unforeseen damage rather than normal deterioration over time.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n<h4><b>About The Author<\/b><\/h4>\n<p><strong>Shivani<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">MBA Insurance and Risk<\/span><\/p>\n<p><span style=\"font-weight: 400;\">She has a passion for property insurance and a wealth of experience in the field, Shivani has been a valuable contributor to SecureNow for the past six years. As a seasoned writer, they specialize in crafting insightful articles and engaging blogs that educate and inform readers about the intricacies of property insurance. <\/span><span style=\"font-weight: 400;\">She brings a unique blend of expertise and practical knowledge to their writing, drawing from her extensive background in the insurance industry. Having worked in various capacities within the sector, she deeply understands the challenges and opportunities facing property owners and insurers alike.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hospital or medical equipment insurance is a specialized policy designed to protect healthcare facilities against financial losses from damage or breakdown of critical medical devices. It covers equipment such as MRI machines, X-ray units, surgical tools, monitors, and more.\u00a0 Key Takeaways The &#8220;All-Risk&#8221; Distinction: Unlike standard property insurance that only covers external perils (like fire), [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"no","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[989,6],"tags":[1332,1333],"class_list":["post-21563","post","type-post","status-publish","format-standard","hentry","category-product-features-property-insurance","category-property-insurance","tag-electronic-equipment-insurance","tag-medical-equipment-insurance"],"acf":[],"modified_by":"SecureNow","_links":{"self":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/21563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/comments?post=21563"}],"version-history":[{"count":19,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/21563\/revisions"}],"predecessor-version":[{"id":35389,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/21563\/revisions\/35389"}],"wp:attachment":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/media?parent=21563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/categories?post=21563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/tags?post=21563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}