What is the per year policy limit for coverage of electronic data - ProProfs Discuss
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What is the per-year policy limit for coverage of electronic data under the Business and Personal Property coverage form?

What is the per-year policy limit for coverage of electronic data under the Business and Personal Property coverage form?<br/>

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Asked by Wyatt Williams, Last updated: Nov 09, 2024

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3 Answers

John Adney

John Adney

John Adney
Business owners property coverage form states that Electronic Data- The policy will pay up to $10,000 (or more if a higher limit is shown in the declarations) for the cost to replace or restore electronic data that has been damaged by a covered cause of loss. Losses are valued at replacement cost of the media the data is stored on. Viruses are included as a covered cause of loss for this coverage.
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John Adney

John Adney

John Adney
Business owners property coverage form states that Electronic Data- The policy will pay up to $10,000 (or more if a higher limit is shown in the declarations) for the cost to replace or restore electronic data that has been damaged by a covered cause of loss. Losses are valued at replacement cost of the media the data is stored on. Viruses are included as a covered cause of loss for this coverage.
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John Smith

John Smith

John Smith
John Smith

Answered Oct 05, 2016

$2,500

B is correct. The Business and Personal Property coverage form will only pay up to $2,500 in any one policy year for losses to electronic data.
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