 Electronic Appliance Insurance policy offers protection against the risk of loss or damage to domestic appliances due to electrical or mechanical breakdown. Electrical and mechanical appliances, which are distinctly different from electronic items, come under the purview of home appliance insurance. The cost electrical appliance insurance policy is payable by way of a monthly premium charged on the replacement value of the appliance. equipment operated with electrical power may suffer breakdown due to overloading, excessive pressure or voltage fluctuations.
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