Sum insured policy. Provided by IAG. Available in Victoria
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Description
Cover summary
- Nominate a sum insured for your contents
- Specify a sum insured for each item worth more than $10000
- 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
- Up to $1000 for any cost you must pay to a credit card organisation if your card is stolen from your home and used without your consent
- No cover for theft by you or residents
- No cover for theft by people who enter site with consent of you 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 or residents
- Waiting period length not disclosed in PDS for bushfire
- Covered (high-risk properties can opt out)
- Covers damage caused by landslide and subsidence but must occur as a direct result and within 72 hours of flood
- Opting out of cover also removes cover for rainwater run-off and storm surge
- Waiting period length not disclosed in PDS
- Covers damage caused by violent wind, cyclone, tornado, rain, thunderstorm, hail, snow and rainwater run-off
- Covers damage caused by landslide and subsidence but must occur as a direct result and within 72 hours of storm or rainwater run-off
- No cover for damage caused by water which enters home due to through tarpaulins or fixings set up while you're renovating or altering home
- Waiting period length not disclosed in PDS
- Covered (high-risk properties can opt out)
- Covers damage caused by landslide and subsidence but must occur as a direct result of storm surge and within 72 hours
- Opting out cancels cover for flood and rainwater run-off
- 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 site
- Covers fire and water/oil leaks caused by insects or vermin
- No cover for damage caused by birds biting, pecking or scratching
- Optional
- 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 your 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, accessories and luggage; glasses and medical items; jewellery and watches; portable electronic devices; sporting items; and wheelchairs, scooters and other mobility aids
- Covered anywhere in Australia, New Zealand, and for up to $10000 overall in rest of the world
- Contents excess applies
- 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)
- Contents excess applies
- Up to 12 months
- Paid on top of sum insured
- Covers temporary accommodation for your family and pets, additional living expenses, and removal/storage costs
- Up to 12 months
- Covers removing/storing contents
- Motors up to 15 years
- Optional
- Up to $500 overall
- Cover for interruption of electricity supply caused by insured event
- Optional cover for motor burnout
- Up to sum insured overall
- Covers built-in furniture/cupboards, stoves, hot water services, shower screens, paint/wallpaper, built-in air-conditioners, fixed awnings, solar panels, carpets and floating floorboards
- Does not cover items insured by owners corporation or common property
- Up to contents sum insured overall
- Cover for fire, collision and theft from removal vehicle
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