Electronic Data Processing and Media valuation Sample Clauses

Electronic Data Processing and Media valuation. Notwithstanding any provision to the contrary within this Property Coverage or any endorsement thereto, it is understood and agreed as follows: Should Electronic Data Processing Insured by this Property Coverage suffer physical loss or damage Insured by this PART, then the basis of valuation shall be the cost of the blank Media plus the costs of copying the Electronic Data and Media from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such Electronic Data and Media. If the Media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Media. However this PART does not insure any amount pertaining to the value of such Electronic Data to the Insured or any other party, even if such Electronic Data cannot be recreated, gathered or assembled. Nothing herein contained shall vary, alter or extend any provision or condition of this Property Coverage other than as above stated. All other terms and conditions of the Policy remain unchanged.
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