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ELECTRONIC EQUIPMENT AND MACHINERY BREAKDOWN INSURANCE

A small investment for your major investments.

Electronic equipment and machinery breakdown insurance covers the items your company acquires through a lease agreement with Bankinter. It's a small investment for the peace of mind of knowing that you have protection for the items your company is still paying for.

  • The policy covers damages and breakdowns of items acquired through a lease agreement.
  • Adapted to different types of equipment and machinery.

Resources that are not human, but equally important

Electronic equipment

You drop your laptop, there's a power surge, you spill coffee on the CPU, or your electronic equipment is stolen. There's an insurance policy for all these and many more scenarios.

  • For IT equipment.
  • For portable IT equipment.
  • For electronic equipment.

Machinery breakdown

It could be a miscalculation during assembly, an error of use, a construction defect, a short circuit, etc. For these and many other reasons, that vital part of your business – your machinery – will be protected. Just in case.

  • Fixed machinery.
  • Mobile or self-propelled machinery.
  • Self-propelled cranes.
  • Self-propelled agricultural machinery.

We're here to help you,

through your local branch and our specialised channels.

Insurance experts line: 901 810 383

Monday to Friday from 08:00 to 17:00.

Insurance mailbox

We'll study your needs and an insurance expert will advise you on the best policy and how to take it out.

Ver Coverage Coverage

Electronic equipment insurance

Purpose of the insurance
Electronic equipment damage insurance for items acquired through a financial lease agreement“”.

Insurable items
The types of equipment that can be insured through this product are as follows:

  • IT equipment
    In general, for the purposes of this rate IT equipment refers to items such as electronic data processing equipment, computers, printers, plotters, scanners, software programs, peripherals and electronic office material, such as fax machines, photocopiers, telephones and the like.
  • Portable IT equipment
    In general, for the purposes of this rate portable IT equipment refers to electronic data processing equipment that is not part of a fixed installation, such as laptops, peripherals, software programs installed in such equipment and the like.
  • Electronic equipment
    Electronic equipment refers to any machine or device that uses low-voltage electric current for its internal operation and relies on electrical components such as integrated circuits, resistors, etc. It also refers to equipment which, in addition to the previous components, uses one or more central processing units (CPUs), programs and data input and output units, and usually has a cathode ray tube, liquid crystal display or similar type of screen.

Main coverage

  • Design and manufacture errors, defects in assembly, workmanship and material.
  • Deterioration caused by water or other liquids.
  • Fall, impact or collision of vehicles, including aircraft and their objects, as well as the obstruction or entry by foreign bodies.
  • Damage or loss of the insured equipment caused by damage to air conditioning installations covered by the policy.
  • Failures in regulation and safety devices.
  • Vibrations, misalignments, loosening of parts, greasing defects and self-heating.
  • Lack of skill, negligence and malicious acts by the insured person's personnel or third parties.
  • The direct action of electrical energy as a result of a short circuit, power surge or similar effect.
  • Overflow, flood, hurricane or storms.
  • Fire, lightning strike, explosion or implosion, as well as damages derived from extinction or demolition operations.
  • Theft and robbery, as well as the damages caused by such events.
  • Any other cause not expressly excluded.
  • Claims of an extraordinary nature covered by the Insurance Compensation Consortium.
  • For portable equipment, the “portable risk” warranty.

Machinery breakdown insurance

Purpose of the insurance
Machinery damage insurance for items acquired through a financial lease agreement“”.

Insurable items
The types of equipment that can be insured through this product are as follows:

  • Fixed machinery
    Machinery that is located permanently in a specific risk situation and cannot be moved to other situations (except in cases of change of risk address or construction machinery and/or equipment located each time it is moved at the building site where it is required). It does not include self-propelled machinery, i.e. machinery capable of moving on its own.
  • Mobile or self-propelled machinery
    Machinery that may be located permanently in a specific risk situation and has the capacity to move on its own by means of an engine, or machinery allowed on public roads with the obligation to bear a registration plate for such purposes.
  • Self-propelled cranes
    For the purposes of this rate, cranes that may be located permanently in a specific risk situation, has the capacity to move on its own by means of an engine and is allowed on public roads with the obligation to bear a registration plate for such purposes.
  • Self-propelled farm machinery
    For the purposes of this rate, machinery used for farming activities that may be located permanently in a specific risk situation, has the capacity to move on its own by means of an engine and is allowed on public roads with the obligation to bear a registration plate for such purposes.

Main coverage (fixed machinery)

  • Design and manufacture errors, defects in assembly, workmanship and material.
  • Deterioration caused by water or other liquids.
  • Fall, impact or collision of vehicles, including aircraft and their objects, as well as the obstruction or entry by foreign bodies.
  • Damage or loss of the insured equipment caused by damage to air conditioning installations covered by the policy.
  • Failures in regulation and safety devices.
  • Vibrations, misalignments, loosening of parts, greasing defects and self-heating.
  • Lack of skill, negligence and malicious acts by the insured person's personnel or third parties.
  • The direct action of electrical energy as a result of a short circuit, power surge or similar effect.
  • Overflow, flood, hurricane or storms.
  • Fire, lightning strike, explosion or implosion, as well as damages derived from extinction or demolition operations.
  • Theft and robbery, as well as the damages caused by such events.
  • Any other cause not expressly excluded.
  • Claims of an extraordinary nature covered by the Insurance Compensation Consortium.

Main coverage (mobile machinery)

  • Fire, explosion and direct lightning strike.
  • Robbery and theft.
  • Lack of skill, negligence and malicious acts by the insured person's personnel or third parties.
  • Landslide.
  • Fall of rocks and avalanches.
  • Subsidence and settlement of the land.
  • Rain, wind, hail and snow.
  • Blows of any kind.
  • Fall, overturn, impact, collision and derailment.
  • Expansion of coverage during self-propulsion on public roads.
  • Risk during transport in a self-propelled vehicle.
  • Damage to machinery during installation or assembly.
  • Any other cause not expressly excluded.
  • Claims of an extraordinary nature covered by the Insurance Compensation Consortium.

Main coverage (self-propelled cranes)

  • Fire, explosion and direct lightning strike.
  • Robbery and theft.
  • Lack of skill, negligence and malicious acts by the insured person's personnel or third parties.
  • Landslide.
  • Fall of rocks and avalanches.
  • Subsidence and settlement of the land.
  • Rain, wind, hail and snow.
  • Blows of any kind.
  • Fall, overturn, impact, collision and derailment.
  • Expansion of coverage during self-propulsion on public roads.
  • Risk during transport in a self-propelled vehicle.
  • Damage to machinery during installation or assembly.
  • Any other cause not expressly excluded.
  • Claims of an extraordinary nature covered by the Insurance Compensation Consortium.

Ver Conditions of electronic equipment and machinery breakdown insurance Conditions of electronic equipment and machinery breakdown insurance

Conditions

  • Electronic equipment and machinery breakdown insurance is only available to Bankinter customers whose insurable items are covered by a lease agreement with Bankinter.
  • There are two types products: annual renewable insurance or single-premium temporary insurance. In the latter case, the duration of the policy must coincide with the duration of the leasing agreement.
  • Unless otherwise agreed, the policy only covers equipment and machinery located in Spain.
  • You can split the payment of the annual premium into half-yearly or quarterly instalments.
  • In the case of the financed single-premium policy, you can split the payment into monthly instalments (single-payment type).

Ver FAQs FAQs

Can I split the payment of my premium?

Yes, you can. There are two eligible circumstances:

  • Annual renewable policy
    You can split the annual premium into half-yearly or quarterly instalments, depending on the annual price of the policy.
  • Single-term policy (temporary)
    With this option, you can pay for your policy in monthly instalments.

What is replacement cost?

The catalogue price of the insured item, or if it is no longer made the value of a new identical item or an item with equivalent technical specifications, plus the costs of packaging, transport (at the lowest rate), installation, start-up and, if necessary, customs duties and non-recoverable taxes.

What do I do if I want to submit a claim?

If you need to submit a claim, call Plus Ultra customer service on 91 783 83 83 (lines are open 24 hours).

What are the main exclusions?

Each type has its own specific exclusions, but the main ones common to all types are as follows:

  • Armed conflicts and nuclear damage.
  • Intent or gross negligence of the insured.
  • Latent defects or flaws, oxidation, erosion, rust, scale and natural wear and tear of the equipment.