Sum insured policy. Provided by Youi. Available in ACT, NSW, Qld, SA, Tas, Vic & WA
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Description
Cover summary
- Nominate a sum insured for your contents
- Specify a sum insured for each item worth more than $15000
- Up to $20 million
- Cover for anyone living at the insured address
- Cover for incidents in Australia
Cost
Covered events
- Covers loss and damage due to theft, attempted theft and burglary
- Covers theft by people carrying out a commercial service
- Up to $1000 for cost of replacing locks and keys to external doors or windows, after theft of keys ($100 excess if only claiming this)
- No cover theft by deception
- No cover for theft by you or residents
- No cover for theft by people allowed onto premises by you, your tenant, or someone who had your or your tenant's authority to do so
- Covers accidental fire; bushfire and fire caused by mechanical, electrical, electronic breakdown or failure
- Also covers damage caused by soot or smoke from bushfire
- Also covers damage caused by soot or smoke from accidental fire within 100m of building
- No cover for glowing, heat, smouldering, scorching, melting where there is no flame
- 72 hour waiting period for bushfire
- Covered
- Covers damage caused by landslip and subsidence but must occur within 72 hours of flood
- No cover for landslip, subsidence or erosion of occurring over time
- No cover for damage caused by rising damp or seepage
- No cover for retaining walls
- No cover for jetties or pontoons
- No cover for water leaking down the sides or against the sides or underneath damage to in-ground structures
- 72 hour waiting period
- Covers damage caused by storm, lightning, wind, hail and snow
- Also covers damage caused by stormwater overflow from roof gutters, downpipes and the area immediately around premises
- Also covers damage caused by rain, wind, hail or snow entering building through opening created by the storm and through opening not created by the storm, that you could not reasonably have been aware of
- Also covers damage caused by mechanical, electrical or electronic breakdown or failure caused by the storm
- Covers damage caused by landslip and subsidence but must occur directly because and within 72 hours of storm
- No cover for damage caused by rain, wind, hail or snow entering building through open windows, doors or openings made for alterations, renovations or repairs
- No cover for landslip, subsidence or erosion of occurring over time
- No cover for damage caused by rising damp or seepage
- No cover for retaining walls
- No cover for cost to remove or prune fallen trees, branches or other objects that have not damaged the property
- No cover for jetties or pontoons
- No cover for water leaking down the sides or against the sides or underneath damage to in-ground structures
- Additional excess applies if you submit claim more than 90 days after storm
- 72 hour waiting period
- Covers damage caused by animals not kept at the premises
- Covers fire caused by amphibians, insects, lizards, pets, rodents, vermin or other animals kept at or allowed onto premises
- Covers damage caused by birds that are accidentally trapped inside building biting, chewing, clawing, pecking, scratching, soiling, tearing or urinating
- Covers damage caused by amphibians, insects, lizards, rodents or vermin escaping water
- Accidental damage option covers damage caused by pets or other animals kept at or allowed onto premises
- No cover for damage caused by any other animal biting, chewing, clawing, pecking, scratching, soiling, tearing or urinating
- Optional
- Choose cover for building, contents, or both
- Covers accidental loss and damage to home and contents
- No cover for business items (insurable under a separate option)
- No cover for items which have reached the end of their functional life or kept at a storage facility
- No cover for retaining walls, jetties or pontoons
- No cover for swimming pools or outdoor spas including covers and liners
- No cover for damage caused by earthworks, construction or renovation
- No cover for burning, melting or scorching caused by processes that involve heat or fire relating to any substance designed to be burned or heated up
Claims
- Repair damaged property
- Replace damaged property
- Pay you the property's replacement value, up to your sum insured or other sublimits
Building
- Up to 20% sum insured overall
- Limit combined with debris removal
- Up to 20% sum insured overall
- Limit combined with professional fees
- Building only
- Up to 12 months or 10% building sum insured
- Paid on top of sum insured
- Covers residential accommodation at a similar standard to your home, mail redirection, utility connection costs and removal costs
- Up to 48 weeks for residential accommodation
- Up to 4 weeks for emergency or short-term accommodation
- Up to $3000 for pet accommodation
- Up to $250 per month of pet accommodation
- Available after a claim for building damage
Contents
- Covers general contents for accidental loss/damage
- Up to contents sum insured overall
- Up to $15000 per item
- Covered anywhere worldwide
- Contents excess applies
- Optional
- Cover for accidental loss/damage
- Covered anywhere worldwide
- Contents excess applies
- Up to 10% contents sum insured
- Paid on top of sum insured
- Covers moving/storing contents
- Nominate a sum insured for this category
- Up to $15000 per item, set or pair
- Optional
- Up to 20% contents sum insured overall
- Cover for fire and accident involving removal vehicle
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