CGU home and contents, what is the difference between buildings and contents?

Building Sum Insured

The sum insured is the amount of cover required for the residential building. The Building sum insured applies to:

• Residential buildings lived in including any professional offices or surgeries in those buildings.
• Domestic out buildings.
• Fixed coverings to walls, floors and ceilings. This excludes carpets, curtains and internal blinds.
• Services which include the supply of electricity, water, etc.
• Items built in, fixed to or on the buildings.
• Blinds or awnings on the outside of the buildings.
• In built swimming pools and spas.
• Boat jetties or pontoons that you are legally responsible for.
• Fences and gates (limits may apply).

Buildings are not:

• Property that a tenant is liable for under the terms of a rental agreement.
• Plants, shrubs, trees or grass.
• Lawns.
• Lose or compacted soil, gravel, pebbles, rocks or sand.
• Dams.

Contents sum insured

Contents sum insured must be selected to allow cover for valuables. Contents are defined as:

• Household goods that are not used for earning income.

• Goods used for earning income while at the situation. These are covered up to the limits set in the Policy Wording.

• Office and surgery equipment up to the limits set in the Policy Wording.

• Carpets, curtains and internal blinds.

• Furniture and furnishings that are not built in.

• Portable domestic appliances that are not built in.

• Swimming pools, saunas and spas that are not permanently installed.

• Accessories for any swimming pools, saunas or spas.

• Clothing and personal effects.

• Valuable items while at the situation.

• Items thinly covered with gold or silver that are not jewellery or watches.

• Paintings and prints, tapestries, Persian or similar rugs, antiques and any other works of art.

• Projectors and screens.

• Equipment for developing and enlarging photographs.

• Processed film, slides and prints.

• Tapes, cassettes, cartridges and discs including computer software.

• Money and negotiable documents up to the limits set in the Policy Wording.

• Accessories and spare parts for motor vehicles, motorcycles, mini bikes, caravans, trailers and watercraft.

• Landlords fixtures and fittings liable under the terms of a rental agreement, excluding fixtures and fittings insured by the Body Corporate.
• Fixtures and fittings installed for the insured’s own use if they are a tenant, or the owner of a strata title unit, excluding fixtures and fittings insured by the Body Corporate.
• Watercraft, depending on the policy type selected, which are either:

• less than 3 metres long and not powered by a motor

• less than 4 metres long and not powered by a motor or powered by a motor less than 10 hp.

• Unregistered motorised golf buggies, ride on mowers and wheelchairs.
• Surfboards, sailboards or surf skis.

Contents are not:

• Unset precious and semi-precious stones.

• Plants and trees growing outdoors. This does not include plants and trees growing in pots or tubs.

• Animals, including birds and fish.

• Pedal cycles while they are used for racing or pacemaking.

• Motor vehicles, motorcycles, mini bikes, caravans, trailers or aircraft other than model or toy aircraft.

• Watercraft more than 3 metres long (or more than 4 metres long depending on the policy type selected).

• Watercraft that are powered by a motor (or watercraft less than 4 metres long that are powered by a motor of more than 10 hp).

The most any one item, pair, set, collection or system is covered for is $20,000.

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