Common use of DATA COVERAGE Clause in Contracts

DATA COVERAGE. If, as a result of a “Breakdown” of “Insured Equipment”, “Data” is lost or damaged, the Insurer shall be liable for: (i) the cost of gathering or reproducing the “Data”; and (ii) the Business Interruption/Extra Expense resulting from the loss or damage to the “Data” only if business Interruption/Extra Expense is provided by this Form, however, in no event shall the Insurer be liable for loss in excess of $50,000. Such limit is part of and is not in addition to the Limit of Insurance for the Form. The Insurer shall not be liable for “Data” which is lost or damaged as a result of programming errors of any kind including the inability of software to correctly read, recognize, save, process or interpret any date or time.

DATA COVERAGE. If, as a result of a “Breakdown” of “Insured Equipment”, “,” Data” is lost or damaged, the Insurer shall be liable for: (i) the cost of gathering or reproducing the “Data”; and (ii) the Business Interruption/Extra Expense resulting from the loss or damage to the “Data” only if business Interruption/Extra Expense is provided by this Form, however, in no event shall the Insurer be liable for loss in excess of $50,000. Such limit is part of and is not in addition to the Limit of Insurance for the Form. The Insurer shall not be liable for “Data” which is lost or damaged as a result of programming errors of any kind including the inability of software to correctly read, recognize, save, process or interpret any date or time.