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