The following are descriptive only. Actual coverage is subject to the language of the policies as issued. Please read our PDS (Commercial / Residential) for further details.
We will pay the costs of replacing or repairing your electric motors less than 20 years old and not more than 5KWH which have been burnt out
We will pay up to 25% more than the amount we would otherwise have paid to repair or replace an item in your buildings that have been lost, destroyed or damaged with Green material or products that improve the energy and water efficiency of your building. The most we will pay is $25,000.
Unit Owner’s Improvements
We will pay up to $250,000 any one unit for unit owner's improvements that are damaged or destroyed.
Temporary Protection/Security Guard
We will pay up to $25,000 for temporary protection and employment of security guards to safeguard your damaged Buildings and Common Contents.
Replacement of Locks and Keys
We will pay up to $5,000 to replace lost or stolen keys.
We will pay up to $5,000 for expenses in removal of water from basement if inundated by a storm or downpour of rain (excluding flood).
Cost of Re-letting
We will pay up to $1,500 to re-let a unit where a lease agreement is terminated as a result of an insured damage to the unit or Common Area
Loss of Rent
Alternative accommodation and Loss of Rent up to 15% of the building sum insured.
Claims Preparation Expenses
We will pay up to $100,000 for costs you reasonably incur for the preparation of a claim if your buildings and common contents are damaged or destroyed.
We will increase your buildings and common contents sum insured annually by CPI amount.
We will pay up to the amount specified on your Policy Schedule for your legal costs and expenses for disputes brought against you in connection with managing and owning the Insured Property.
Legal Costs on Occupational Health & Safety Breaches
We will pay up to the amount specified in your Policy Schedule for your legal costs to appeal against any improvement, prohibition notice and the like imposed by any court or tribunal under any workplace occupational health and safety legislation or similar legislation. Extended to include Appeal Procedures
Machinery & Electronic Breakdown
Two sums insured options available for unspecified machinery: $100,000 or $250,000
Claims preparation costs automatically covered up to $100,000.