Sum insured policy. Provided by RAC. Available in WA
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Description
Cover summary
- Up to $20 million
- Cover for people named on the policy
- Cover for incidents in Australia
Cost
Covered events
- Covers loss and damage due to theft and attempted theft
- Up to 20% contents sum insured for contents in the open air
- Up to $800 for cost to re-code or re-key external door and window locks, after loss or theft of keys in a theft at your building
- Up to $500 for contents stolen when your building is for sale and while it is open for inspection by a licensed real estate agent
- Up to $200 for cash and negotiable instruments
- No cover for theft by you, your family or tenants
- No cover for theft by people authorised by you or a resident to enter site
- No cover for theft or attempted theft which occurs during renovations, or in connection with renovations being carried out on your building
- Does not cover contents whilst being lent to a third party
- Covered
- No cover for heat not directly involving fire
- No cover for your building or contents undergoing a process necessarily involving the application of heat
- 48 hour waiting period for bushfire
- Covered
- 48 hour waiting period
- Covered
- Up to $500 for trees, shrubs and landscaping
- Up to 5% contents sum insured for contents in a safety deposit box at any bank in Australia
- Up to 5% contents sum insured for contents at a home you are temporarily residing in
- Up to 20% contents sum insured for contents in the open air
- No cover for damage caused by water or wind entering due to through an open window or door
- No cover during renovations, or in connection to renovation, alterations or repairs being carried out on building
- No cover for retaining walls
- No cover for wind damage to gates, fences, freestanding walls, patio or pergola roof coverings or shade cloths which are not maintained in good repair and condition
- 48 hour waiting period
- Covers damage caused by animals/birds not kept at site
- No cover for damage to building exterior by animals/birds caused by biting, chewing, clawing, pecking, soiling or tearing
- No cover for damage caused by insects, rodents, termites or vermin
- Optional
- Cover only available for contents
- No cover for electronic or mechanical malfunction or failure, virus or processing error resulting in loss of electronic equipment or data
- No cover for power driven items, sporting equipment, musical instruments or firearms while being used
- No cover for damage caused by processes of cleaning, repairing, restoring or altering your contents; animals; birds; or business activities you operate from your site
Claims
- Repair damaged property
- Replace damaged property
- Pay you the property's replacement value, up to your sum insured or other sublimits
- Customer cost if insurer offers cash
- Insurer cost if you ask for cash (may be less than retail cost)
- Customer cost if insurer offers cash
- Insurer cost if you ask for cash (may be less than retail cost)
- Insurer may offer non-cash alternatives
Building
- Up to $500 overall
- Cover for storm
- Up to 10% sum insured overall
- Paid on top of sum insured
- Limit combined with professional fees
- Up to 10% sum insured overall
- Paid on top of sum insured
- Limit combined with building regulations
- Reasonable cost
- Paid on top of sum insured
- Up to 10% sum insured overall
- Paid on top of sum insured
- Building only
- Up to 12 months
- Covers comparable accommodation for you and commercial accommodation for pets
- Available after a claim for building damage
Contents
- Covers some items for accidental loss/damage
- Choose overall limit from $2000–$5000
- Choose limit from $500–$1000 per item
- Covered anywhere in Australia
- $200 excess
- Optional
- Cover for accidental loss/damage
- Covered anywhere in Australia
- $100 excess
- Up to sum insured overall
- Up to 20% contents sum insured for storm and theft
- Up to 12 months or 10% sum insured
- Paid on top of sum insured
- Covers removing/storing contents
- Up to $5000 overall
- Up to $2000 per item or set
- Up to $5000 overall
- Up to $2000 per item or set
- Up to $500 overall
- Cover for failure of power supply and damage to refridgerator or freezer
- Up to contents sum insured overall
- Cover for fire and collision, overturning or theft of removal vehicle
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