Sum insured policy. Provided by IAG. Available in all states & territories
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Description
Cover summary
- Up to $20 million
- Cover for people named on the policy, plus their family members living with them
- Cover for incidents in Australia
Cost
Covered events
- Covers loss and damage due to theft and attempted theft
- No cover for theft by you, your family or residents
- No cover for theft by people who enter site with consent of you, your family or a resident
- Covers fire and bushfire
- No cover for scorching or melting where there is no flame
- No cover for fire started with the intention to cause damage by due to the insured, residents or people at the property with the consent of residents or the insured
- 72 hour waiting period for bushfire and grassfire
- Covers damage caused by flood and rainwater run-off
- Covers damage caused by landslide and subsidence but must occur as a direct result and within 72 hours of flood or rainwater run-off
- No cover for damage caused by erosion, deterioration, collapse, shrinkage or any other earth movement
- 72 hour waiting period for rainwater run-off
- 14 day waiting period for flood
- Covered
- Covers damage caused by landslide and subsidence but must occur as a direct result and within 72 hours of storm
- No cover for damage caused by erosion, deterioration, collapse, shrinkage or any other earth movement
- Waiting period length not disclosed in PDS
- Covered
- Covers damage caused by landslide and subsidence but must occur as a direct result and within 72 hours of storm surge
- No cover for damage caused by erosion, deterioration, collapse, shrinkage or any other earth movement
- Covers damage caused by trees or branches
- Covers damage caused by tree cutting, lopping or felling at the site, if performed by a professional
- Covers damage caused by vehicles or watercraft
- Covers damage caused by masts or flagpoles
- Covers damage caused by external aerials or satellite dishes
- Covers damage caused by aircraft; or debris from space, aircraft, rockets and satellites
- Covers costs to cut down and remove tree and treat stumps so they don't grow, if tree causes damage to building and qualified expert agrees it needs to be removed
- Does not cover costs to remove stumps
- Does not cover costs to cut down or remove tree, if it didn't cause damage
- Covers damage caused by animals not kept at the site
- No cover for damage caused by bats, insects, mice, possums, rats, termites, vermin or animals allowed at the site by a resident
- No cover for damage caused by birds biting, pecking or scratching
- Covered by default
- Covers accidental loss and damage to your contents
- No cover for electronic malfunction or failure, mechanical malfunction or failure, virus or processing error resulting in loss of electronic equipment or data
- No cover for fishing or sporting equipment, musical instruments or firearms while someone is using them
- No cover for damage caused by water entering home through an opening made for the purpose of alterations, additions, renovations or repairs; animals kept at site; or any process of cleaning involving the use of chemicals
Claims
- Repair damaged items
- Replace damaged items
- Pay you the item's replacement value, up to your sum insured or other sublimits
- Customer cost
- Insurer may offer non-cash alternatives
Contents
- Covers some items for theft and accidental loss/damage
- Nominate a limit per item group for clothing and luggage, jewellery and watches, medical items, mobility scooters, portable electronic devices, and sporting and recreational items
- Up to $10000 per item
- Covered anywhere in Australia, New Zealand, and for up to $10000 overall in rest of the world
- $250 excess
- Optional
- Cover for theft and accidental loss/damage
- Covered anywhere in Australia, New Zealand, and for up to $10000 overall in rest of the world (limit includes all portable contents)
- $250 excess
- Up to 24 months or 20% sum insured
- Paid on top of sum insured
- Covers temporary accommodation for your family and pets, additional living expenses, and removal/storage costs
- Covers additional rent above what you already pay
- Up to 10% sum insured overall
- Paid on top of sum insured
- Up to 24 months
- Covers storage of contents
- Up to $2000 overall
- Cover for motor burnout and interruption to electricity supply caused by insured event
- Up to contents sum insured overall
- Cover for fire, storm, flood, cyclone, tsunami, lightning, explosion, earthquake, storm surge, collision of removal vehicle and theft following violent or forced entry
- Up to $10000 for accidental damage
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