google bot detected Data Processing Insurance | Insurance Glossary | Realestateagent.com

Data Processing Insurance


Definition of "Data processing insurance"

Kevin Carney
  The K Co. Realty

Coverage on data processing equipment, data processing media (such as magnetic tapes, disks), and extra expense involved in returning to usual business conditions. The data processing equipment is usually written as all risks on a specifically scheduled basis. The data processing media is usually written on an all risks basis. No coinsurance is required for the data processing media and the extra expense coverage.



Related Real Estate Glossary terms

Related Real Estate FAQ