A sum insured policy with a 20% underinsurance safety net for your building.
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Description
- Insurer
- Guild
- Policy
- Home Essential
- Provider
- Guild Insurance Limited
- About the insurer
Cover summary
- Building cover
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- Nominate a sum insured for your building
- 20% underinsurance safety net
- Contents cover
- Nominate a sum insured for your contents
- Legal liability
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- Up to $20 million
- Cover for people named on the policy, plus their family members living with them
- Cover for incidents worldwide
Cost
Results for paid members only
- Same price to pay monthly
- ACT price comparison
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- NSW price comparison
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- NT price comparison
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- North Queensland price comparison
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- South Queensland price comparison
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- SA price comparison
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- Tasmania price comparison
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- Victoria price comparison
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- WA price comparison
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Covered events
- Theft
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- Covers loss and damage due to theft, attempted theft, burglary and housebreaking
- Up to $2500 for contents in the open air
- Up to $2500 for cost of security firm attendance in response to monitored alarm signal
- Up to $2500 for cost of re-keying or replacing (whichever is cheaper) locks and cylinders on external doors and windows, after theft of keys from home
- Up to $500 for handbags and wallets plus their contents, after theft while being carried by you anywhere in Australia ($100 excess)
- Up to $200 for cash and negotiable documents in handbags and wallets (part of $500 total sublimit)
- No cover for theft by residents or tenants and their family
- Does not cover theft of fixtures, fittings or building materials awaiting installation from the open air or a building not capable of being locked
- Fire
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- Covered
- No cover for scorching, arcing or heat damage that happens without flames
- 48 hour waiting period for bushfire and grassfire
- Flood
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- Covered
- No cover for paths, driveways, paved or concrete outdoor surfaces or tennis court surfaces
- No cover for retaining walls
- No cover for trees, shrubs, plants or landscaping features
- Storm and cyclone
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- Covers damage caused by storm, hail and rainwater
- Covers damage caused by erosion, landslide and subsidence, but must occur as a result of and within 72 hours of storm, hail or rainwater
- No cover for paths, driveways, paved or concrete outdoor surfaces or tennis court surfaces
- No cover for retaining walls
- No cover for trees, shrubs, plants or landscaping features
- External paintwork not covered if this is the only damage sustained to that part of the home
- 48 hour waiting period for named cyclone
- Storm surge
- Not covered
- Action of the sea
- Not covered
- Tsunami
- Covered
- Explosion
- Covered
- Earthquake
- Covered
- Vandalism
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- Covers damage from malicious acts and vandalism
- Optional cover for damage by tenants, their family or invitees
- No cover for damage by you or residents
- No cover for guests' or visitors' contents
- Riot & civil unrest
- Covers riot, civil commotion and public disturbance
- Impact damage
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- Covers damage caused by falling trees or parts of trees
- Covers damage caused by vehicles
- Covers damage caused by masts
- Covers damage caused by aerials
- Covers damage caused by animals (except those kept at the address)
- Covers damage caused by aircraft, spacecraft, space debris or meteorites
- No cover for damage caused by trees or branches lopped by you or on your behalf
- Animal damage
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- Covers impact damage caused by animals not kept at the address
- No cover for damage caused by birds, insects or vermin
- Escape of water and other liquids
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- Covers escape of liquid from: › fixed pipes, gutters, guttering and drains › dishwashers, washing machines, waterbeds, aquariums and fixed heating or cooling systems › sinks, toilets, baths and basins › fixed tanks › spas › water mains
- No cover for items from which liquid escaped
- No cover for damage to landscaping, trees, plants or shrubs caused by escape of liquid from water mains, fixed pipes, guttering, tanks, drains or or heating or cooling systems
- Breakage
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- Covers: – fixed glass and mirrors forming part of home – skylights – shower bases, basins, sinks, baths, spas, toilet bowls and cisterns – fixed glass forming part of furniture
- Breakage must extend through entire thickness of damaged item
- Does not cover: – glass forming part of cooktops or cooking surfaces – tiled shower bases – glass in sound equipment, television sets or computers – glass forming part of glasshouses or greenhouses
- Accidental damage
- Not covered
Claims
- Out-of-hours claiming
- Online and 24/7 phone
- How the insurer can settle your claim
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- Repair damaged property
- Replace damaged property
- Pay you the property's replacement value, up to your sum insured or other sublimits
- Cash settlement for building claims
- Customer cost
- Cash settlement for contents claims
- Customer cost
- New for old contents replacement
- Unoccupied homes
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- You must inform insurer if home will be unoccupied for more than 60 days
- You may be charged an additional premium
- You must: › make sure that someone collects mail and sees to general tidiness of home so as not to encourage intruders
Building
- Motor burnout
- Motors up to 10 years
- Keys and locks after break-in
- Up to $1500 overall
- Gardens and landscaping
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- Up to $2500 overall
- Up to $250 per plant, shrub or tree
- No cover for escape of liquid, hail, storm, flood or rainwater
- Costs to comply with building regulations
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- Up to 15% sum insured overall
- Paid on top of sum insured
- Limit combined with debris removal and professional fees
- Professional fees
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- Up to 15% sum insured overall
- Paid on top of sum insured
- Limit combined with building regulations and debris removal
- Mortgage discharge fees
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- Up to $5000 overall
- Paid on top of sum insured
- Debris removal and demolition
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- Building claims: up to 15% sum insured overall
- Contents claims: up to $5000 overall
- Paid on top of sum insured
- Limit combined with building regulations and professional fees
- Exploratory costs
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- Applies to claims for any insured event
- Covers costs incurred locating cause of damage
- Up to reasonable cost
- Temporary accommodation
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- Up to 12 months or 20% sum insured
- Paid on top of sum insured
- Covers additional costs for similar temporary accommodation and commercial pet boarding
- Up to 7 days or $2000 for emergency accommodation and pet boarding
Contents
- Cover for unspecified portable contents
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- Covers some items for accidental loss/damage
- Optional cover for flood
- Up to $15000 overall
- Up to $2500 per item, pair and set
- Covered anywhere in Australia, and for up to 30 days in rest of the world
- Contents excess applies
- Optional
- Optional cover for individual portable valuables
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- Cover for accidental loss/damage
- Optional cover for flood
- Covered anywhere in Australia, and for up to 30 days in rest of the world
- Contents excess applies
- Contents in the open air
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- Up to 20% sum insured overall
- Up to $500 for cash and negotiable instruments
- Up to $2500 for building materials awaiting installation
- Up to $2500 for theft
- Emergency storage
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- Up to 12 months or $5000
- Covers moving/storing undamaged contents in commercial storage facility
- Jewellery
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- Up to $10000 overall
- Up to $1500 per item, set or pair
- Optional
- Artworks
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- Up to 20% sum insured overall
- Up to $10000 per item
- Collections (e.g. stamps, coins)
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- Up to $15000 overall
- Up to $2500 per item
- Digital media
- Not covered
- Spoiled food
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- Up to $1500
- Covers food or medication in refrigerator or freezer
- Covers spoilage caused by electrical or electronic failure, escape of refrigerant fumes and failure of public electricity supply
- No cover for spoilage caused by burnout of electric moter 10 or more years old, or failure of electricity supply due to industrial action or deliberate act by supply authority
- Visitors' contents
- Up to $2500 overall
- Pet cover
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- Up to $1000 overall
- Cover for vehicle impact
- Overlapping cover at a new house
- Up to 14 days cover at both addresses
- Cover for contents while moving house
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- Up to contents sum insured overall
- Cover for fire, overturning of removal vehicle, accident involving removal vehicle and theft involving forcible entry to removal vehicle
