Common use of Media Coverage Clause in Contracts

Media Coverage. The loss to all forms of electronic, magnetic and optical tapes and discs used in any electronic computer or electronic data processing equipment directly damaged by an accident to an Object. For the purpose of this coverage, the valuation basis for “Media” is as follows: For “Media” that are mass-produced and commercially available, at the replacement cost. For all other “Media,” at the cost of blank material for reproducing the records.