A sum insured policy.
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Description
- Insurer
- Guild
- Policy
- Home Essential (strata owners)
- Owner type
- Strata owners
- Provider
- Guild Insurance Limited
- About the insurer
Cover summary
- Contents cover
- Nominate a sum insured for your contents
- Legal liability
-
- Up to $20 million
- Cover for people named on the policy, plus their family members living with them
- Cover for incidents worldwide
- Renters liability
- N/A
Cost
- Same price to pay monthly
- ACT price comparison
- $
- NSW price comparison
- $
- NT price comparison
- N/A
- North Queensland price comparison
- N/A
- South Queensland price comparison
- $$
- SA price comparison
- $$
- Tasmania price comparison
- $$
- Victoria price comparison
- $
- WA price comparison
- $
Covered events
- Theft
-
- 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 $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
- No cover for theft from internal or external common property
- 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
-
- Covered
- No cover for scorching, arcing or heat damage that happens without flames
- 48 hour waiting period for bushfire and grassfire
- Flood
- Covered
- Storm and cyclone
-
- 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
- 48 hour waiting period for named cyclone
- Storm surge
- Not covered
- Action of the sea
- Not covered
- Tsunami
- Covered
- Explosion
- Covered
- Earthquake
- Covered
- Vandalism
-
- 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
-
- 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
-
- 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
-
- 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
- Breakage
-
- Covers 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
-
- Repair damaged items
- Replace damaged items
- Pay you the item's replacement value, up to your sum insured or other sublimits
- Cash settlement
- Customer cost
- New for old contents replacement
- Unoccupied homes
-
- 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
Contents
- Cover for unlisted portable contents
-
- 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 specially listed valuables
-
- 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
-
- 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
- Temporary accommodation
-
- 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
- Debris removal
-
- Up to $5000 overall
- Paid on top of sum insured
- Exploratory costs
- Not covered
- Emergency storage
-
- Up to 12 months or $5000
- Covers moving/storing undamaged contents in commercial storage facility
- Keys and locks after break-in
- Up to $1500 overall
- Motor burnout
- Motors up to 10 years
- Jewellery
-
- Up to $10000 overall
- Up to $1500 per item, set or pair
- Optional
- Artworks
-
- Up to 20% sum insured overall
- Up to $10000 per item
- Collections (e.g. stamps, coins)
-
- Up to $15000 overall
- Up to $2500 per item
- Digital media
- Not covered
- Spoiled food
-
- Up to $1500
- 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
- Covers food or medication in refrigerator or freezer
- Visitors' contents
- Up to $2500 overall
- Pet cover
-
- Up to $1000 overall
- Cover for vehicle impact
- Permanent fixtures
- Not covered
- Overlapping cover at a new house
- Up to 14 days cover at both addresses
- Cover for contents while moving house
-
- 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
