|
Insured events
- Animal damage
- Earthquake
- Escape of liquid
- Fire and explosion
- Flash flooding
- Lightning
- Riots and public disturbances
- Storm
- Sudden impact
- Vandalism and malicious damage
- Theft
- Accidental glass breakage
- Fusion and power surge
Customers can choose to remove the events listed below from their policy to reduce their premium.
- Theft
- Accidental glass breakage
- Fusion and power surge
Please refer to the CommInsure Home Insurance Product Disclosure statement for more information on insured events for Investment Home Package.
There are 2 types of cover:
- Building cover
- Contents cover
Each type of cover can be taken separately or in combination
Building cover – features and benefits
- Total Building Replacement Cover
- Loss of rent cover
- Legal liability cover
- Demolition and debris removal costs
- Emergency work and temporary repairs
- Replacement of locks or keys
- Mortgage discharge and new title deed costs
- Professional fees
- Buildings materials
- Construction materials
- Landscaping rectification costs
- Matching of material used to repair any building damage
Contents cover
There are three categories of contents cover:
- General contents
- Contents with a maximum limit
- Special limit items that you can choose to insure for more than the limit
- General contents: items which are not fixed within your home and that belong to you and your family could include, but is not limited to, furniture kitchen and tableware, lawn mowing and garden maintenance equipment, swimming pool accessories which are not permanently fixed, pool liners, and removable covers.
Contents with a maximum limit: some contents items have a limit on how much CommInsure will pay if a claim is made under contents cover. This could include, but is not limited to carpets, curtains and contents in the open.
Special limit items: contents items which have a limit on the amount CommInsure will pay, unless you choose to insure for a higher amount and pay an additional premium. These contents items need to be listed on your policy along with the amount you want to insure them for. Special limit items could include, but is not limited to pictures, portraits, artworks or sculptures.
Contents cover – features and benefits
- Loss of rent
- New for old replacement cover
- Legal liability cover
- Demolition and debris removal costs
- Emergency work and temporary repairs
- Replacement of locks or keys
- Strata title extension
Options available under Building and/or Contents cover – at an extra cost
- Accidental damage (Building only)
- Malicious damage or theft by tenants
- Loss of rent extra
Please refer to the CommInsure Home Insurance Product Disclosure Statement for more information on building and contents cover under the Investment Home Package.
|