Territory Home Insurance Premium Cover

Transcription

1 Territory Home Insurance Premium Cover Building and Contents Accidental Damage Product Disclosure Statement and Policy Information is current as at 17 October 2015

2 Our combined Product Disclosure Statement (PDS) and Policy has been designed to help you get the most out of your insurance cover and to help you compare and make an informed choice. When you take out an insurance policy with us, the cover we have agreed to provide you is set out on your current Policy Schedule and described in this booklet. Together they make up the terms and conditions of your insurance contract with us. To ensure you have all the protection you need, please read through this booklet carefully. We have written it in plain language to help you understand the insurance cover you have chosen. Please read your documents carefully and store them together in a safe place for easy reference. If you don t fully understand what your insurance contract covers, or your rights or obligations, please contact us. Our contact details are located on the back of this booklet.

3 1 Table of Contents About this Insurance 2 Waiting Period for Cyclone Flood and Storm Surge 2 What is Accidental Damage Insurance? 2 Choosing the type of insurance 2 Features and Benefits of this Product 3 What this Policy Covers 5 Section 1 Your Buildings 6 Section 2 Your Contents 8 Section 3 Accidental Damage Cover 15 Section 4 Legal Liability 24 Section 5 Optional Cover 28 Section 6 Strata Title Mortgage Protection 30 Section 7 Exclusions, What is not Covered 31 Section 8 Important Information 34 Section 9 Our Commitment to You 39 Section 10 Our Agreement with You 43 What to do if you have a complaint or a dispute Words with Special Meaning applying to this Policy Table of Contents

4 2 About this Insurance We have designed this product for Territorians to help build community resilience. Being resilient is being prepared and that starts with the right insurance cover to protect your assets. Waiting Period for Cyclone Flood and Storm Surge TIO operates in an area of Australia that is subject to catastrophic natural events. It is necessary for us to apply a waiting period of 72 hours for loss or damage that occurs from cyclone, flood or storm surge. What is Accidental Damage Insurance? Accidental Damage is our premium product which covers your buildings and/or contents for accidental loss or damage. This product gives you the flexibility to take out a buildings policy, a contents policy, or a combined buildings and contents policy. You can also add options to your policy for strata title mortgage protection, disaster cover, or Personal Effects cover. Your buildings and/or contents will be covered up to the sum insured, as specified on your Policy Schedule, except if your Policy Schedule shows you have selected Disaster Cover. See page 28 of this booklet for more information. Choosing the type of insurance You should carefully consider the type of insurance cover that suits your needs. You may choose all or some of the cover this product has to offer. We recommend you read through the booklet carefully and use the table of contents and topic index to help you find what you are looking for. Choosing the level of cover that is right for you is an important decision. If you are unsure, or need further information, or just need to ask a few questions please contact us. Our contact details are located on the back of this booklet. Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

5 Features and Benefits of this Product The following table summarises some of the insured events, features and benefits, and optional covers available under this product. 3 This table is a guide only. We recommend you read all Sections of this booklet carefully for full details of cover, terms, conditions, exclusions and limits which apply to your policy and to determine if it is right for you. Buildings Contents See Page Summary of Features and Benefits Accessories of a motor vehicle, motorcycle, caravan, trailer, 7 3 9, 13 watercraft and aircraft Accidental Damage cover Contents in temporary storage Contents in transit to a risk address Credit and debit cards Cyclone Deterioration of refrigerated foods Domestic pets Earthquake Environmental upgrade Extra costs to comply with by-laws Fatal Injury Fire or explosion Flood Fusion of electric motors Impact Legal liability Lightning Liquid escaping from any fixed apparatus, tank or fixed pipe or any street gutter, storm channel or storm drain Malicious damage Modifications to your buildings Money 7 3 9, 12 About this Insurance

6 4 Buildings Contents See Page Summary of Features and Benefits Mortgagee discharge costs Theft, burglary and damage caused by thieves Professional fees Personal documents New for old cover for contents Plants Property in a home office or home surgery , 13 Removal of debris Replacement cover for buildings Replacing keys and repairs to locks Riot or civil commotion Sale of insured property Security firm attendance Storm surge Storm, cyclone, rainwater or hail Temporary accommodation Tools of trade Visitors contents Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

7 5 What this Policy Covers This policy can provide cover for your: buildings only contents only both buildings and contents. Your Policy Schedule will show you what you are covered for. In conjunction this policy provides cover for your legal liability for that causes death or bodily injury, or loss or damage to other people s property. Please see Section 4 Legal Liability on page 24 for more information. You can also add options to your policy for: Personal Effects see page 28 Disaster Cover see page 28 Strata Title Mortgage Protection see page 29. What this Policy Covers

8 6 Section 1 Your Buildings What we cover A building used primarily as a place of residence, outbuildings, fixtures and fittings and structural improvements including but not limited to: 3 Buildings Includes Services or utilities (whether above or below ground) which are either your property or for which you are liable to pay the cost of repair or replacement Any water reticulation system, hose, pipes, sprinklers, fittings, valves and controllers whether above or below ground - cover is limited to $5,000 in total Retaining walls, fences and gates, paths, driveways, terraces, wells, bores and pergolas Permanently fixed spas, saunas, barbeques, clothes lines, exterior blinds and awnings, built-in furniture, room heaters, stoves, fans, light fittings, airconditioners, hot water services, in-ground swimming pools or spas, water tanks and stands 7 Buildings does not include unpaved paths or driveways constructed of earth, gravel or the like water that is normally in a container such as a spa, swimming pool or any fixed apparatus, tank or fixed pipe Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

9 3 Buildings Includes fixed wall, ceiling and floor coverings fixed satellite dishes, meter boxes, television and radio aerials, their masts and fittings What we will pay 7 Buildings does not include carpets, whether fixed or not any part of your building used for any business, trade or profession, other than where the use is a home office or home surgery domestic or commercial wharves, jetties and pontoons 7 The maximum amount we will pay is the sum insured specified on your Policy Schedule for your buildings. If your Policy Schedule shows you have selected Disaster Cover for your buildings, we will increase the sum insured on your buildings by 30% for covered loss or damage to your buildings caused by a named cyclone, flood or earthquake (including tsunami). See page 28 of this booklet for more information. What this Policy Covers

10 8 Section 2 Your Contents What we cover Items which are owned by you, or for which you are legally responsible, anywhere in Australia and elsewhere in the world. Cover outside Australia is limited to 90 continuous days in any one period of insurance. 3 Contents Includes household goods, furniture, furnishings, carpets (fixed or unfixed), floor rugs, curtains and internal blinds portable household electrical appliances clothing and personal effects unregistered mechanically propelled garden appliances, motorised golf buggies, ride-on lawn mowers and wheelchairs motorcycles, scooters, quad bikes or mini bikes up to 125cc engine capacity that are not required to be registered by law - refer to exclusion 1. e) page 26 7 Contents does not include items that are permanently attached or fixed to your buildings registered mechanically propelled garden appliances, motorised golf buggies, ride-on lawn mowers and wheelchairs registered motorcycles, scooters, quad bikes or mini bikes unregistered motorcycles, scooters, quad bikes or mini bikes over 125cc engine capacity motorised vehicles, trailers and caravans Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

11 3 Contents Includes swimming pools, spas and saunas which are not permanently fixed watercraft less than 4 metres in length that is not powered by a motor, or is powered by a motor less than 10hp watercraft less than 4 metres in length propelled by a sail, or designed to be propelled by a sail - refer to exclusion 1. d) page 25 accessories or spare parts of motorcycles, scooters, quad bikes, mini bikes, motor vehicles, trailers, caravans, watercraft and aircraft - refer to What we will pay, page 12 money and negotiable instruments - refer to What we will pay, page 12 7 Contents does not include water (including chemicals) that is normally in a container such as a spa, swimming pool or any fixed apparatus, tank or fixed pipe watercraft that is more than 4 metres in length watercraft that are less than 4 metres in length that are powered by a motor of more than 10hp jet skis aircraft (other than model or toy aircraft), aerial devices and their equipment 9 What this Policy Covers

12 10 3 Contents Includes fishing gear and accessories - refer to What we will pay, page 12 mobile phones, satellite phones, blackberries, personal digital assistants, electronic tablets and other communication devices - refer to What we will pay, page 12 pictures, paintings and works of art - refer to What we will pay, page 12 equipment in a home office or home surgery that you use for earning your income - refer to What we will pay, page 12 potted plants 7 Contents does not include fishing gear and accessories whilst being used mobile phones, satellite phones, blackberries, personal digital assistants and electronic tablets used for your business, trade or profession property used for any business, trade or profession, other than for the limited cover provided for tools of trade and equipment in a home office or home surgery that you use for earning your income drugs, stock or sample products plants, shrubs or trees unless they are in a pot or basket Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

13 3 Contents Includes film, slides and prints - we will only pay the value of these items as unprocessed material and the cost of processing them - if you purchased them already processed we will only pay their replacement value - we will not pay for the costs of recreating any event tapes, cassettes, cartridges, records, videotapes, DVDs or any other analogue or digitally encoded media - we will only pay the value of these items when blank unless they were pre-recorded when you purchased them computer software including game cartridges and disks - we will only pay the value of these items when blank unless they were pre-recorded when you purchased them 7 Contents does not include pirated film, slides and prints pirated tapes, cassettes, cartridges, records, video tapes or DVDs or any other analogue or digitally encoded media pirated computer software including game cartridges and disks 11 What this Policy Covers

14 12 3 Contents Includes - media purchased online for example; music, software and videos - we will only pay the value of the item if unable to recover from the supplier push or pedal bicycles - refer to What we will pay, page 12 landlord s fixtures and fittings that you are liable for under the terms of a rental agreement, unless the body corporate or similar body has them insured fixtures and fittings that you have installed for your own use if you are a tenant, or the owner of a strata title unit, unless the body corporate or similar body has them insured What we will pay 7 Contents does not include pirated or illegally obtained online media push or pedal bicycles while they are used for racing, time trialling or any competitive purpose landlord s fixtures and fittings that you are not liable for under the terms of a rental agreement fixtures and fittings you have installed not for your own use fish, birds or animals of any description The maximum amount we will pay is the sum insured specified on your Policy Schedule for your contents. However, the following items have a lower limit: Item Money and negotiable instruments Maximum Limit Face value to a total of $1,000 Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

15 Item Fishing gear and accessories Push or pedal bicycles Pictures, paintings and works of art Jewellery, watches, unset gem stones, gold or silver articles, curios, furs and musical instruments Collections of any kind Mobile phones, satellite phones, blackberries, personal digital assistants, electronic tablets and other communication devices Tools of trade Equipment used in a home office or home surgery that you use for earning your income Accessories or spare parts of motorcycles, motor vehicles, trailers, caravans, watercraft and aircraft Unfixed floor rugs Maximum Limit $10,000 in total for all these items $1,500 per bicycle $20,000 for any one article up to a maximum of 20% of your nominated contents sum insured specified on your Policy Schedule $2,500 for any one item up to a maximum of 20% of your nominated contents sum insured specified on your Policy Schedule $2,500 for any one set or collection up to a maximum of $5,000 in total $1,000 per item $3,000 in total whilst at the risk address, $1,000 in total whilst away from the risk address $10,000 in total $1,000 in total for all these items $10,000 for any one floor rug up to a maximum of 20% of your nominated contents sum insured specified on your Policy Schedule 13 What this Policy Covers

16 14 How to increase the amount we will pay You can increase the maximum amount we will pay for your items of higher value, by selecting one of the following options: Specified Contents Specified Contents are items which are individually listed on your Policy Schedule because their value is more than the limit this policy provides. Specified items are covered for the specified value only at the risk address. If a specified item is taken away from the risk address, it will only be covered as contents with limited item cover. An example of specified contents is where you wish to cover jewellery at the risk address for more than the limit of $2,500 per item or 20% of your total contents sum insured. To have more cover than these limits you must tell us and have us list the item(s) on your Policy Schedule as Specified Contents. Personal Effects You can increase the amount we will pay by adding cover for Personal Effects. See page 28 of this booklet for more information. Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

17 15 Section 3 Accidental Damage Cover We will cover your buildings, contents or both for accident or accidental loss or damage whilst at the risk address, anywhere in Australia and elsewhere in the world during the period of insurance. Cover outside Australia is limited to 90 continuous days in any one period of insurance. Your Policy Schedule will specify if you have cover for your buildings, contents or both. This cover includes loss or damage from incidents including, but not limited to: earthquake including tsunami caused by an earthquake fire and explosion flood fusion of electric motors impact lightning strike liquid malicious damage and vandalism riot and civil commotion storm surge storm, cyclone, rainwater and hail theft and damage caused by thieves glass breakage. There are also a number of incidents we will cover under specific conditions. These are listed on the following pages. If you make a claim, you will need to pay any excesses that apply. Refer to page 45 of this booklet for more information. Any cover we provide is subject to conditions, limits and exclusions. For exclusions to this cover see Section 7 Exclusions, What is Not Covered starting on page 30 of this booklet. What this Policy Covers

18 16 Incidents Covered Fusion of Electric Motors We will cover you for loss or damage to the windings of the motor of your household electrical appliances caused by the actual burning out of the motor by electric current during the period of insurance. We will only do this if your electric motor is less than 15 years old from the date of manufacture. Depreciation applies to electric motors over 10 years old from the date of manufacture. See page 48 of this booklet for the depreciation scale. If you have a surge protector installed and in use, and if no other loss or damage occurs other than loss or damage to the surge protector, we will pay the cost to replace and/or repair your surge protector. You will not be required to pay an excess towards this claim. We have waived your excess because you have taken steps to protect your buildings and/or contents against fusion. We will not cover damage to household appliances where the electric motor has not fused or where the appliance does not have an electric motor hire costs of a replacement appliance or expenses incurred due to the loss resultant damage fusion of electric motors in any tools of trade. Impact We will cover you for loss or damage that occurs during the period of insurance and is caused by or results from impact by: a vehicle, aircraft or watercraft including articles dropped by or from them an animal (other than an animal at the risk address with your permission) space debris or debris from an aircraft, rocket or satellite a falling aerial or mast a falling tree or branch. Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

19 We will not cover loss or damage caused by an animal at the risk address with your permission loss or damage to property due to tree felling or tree lopping (by you or with your consent) at the risk address the cost of removing the tree and/or its branches if no damage has occurred to your buildings or contents the cost of removing the tree stump, unless the tree stump is required to be removed to allow for repair or rebuilding. Liquid or Water Damage Where we agree to pay a claim, we will cover you for loss or damage that occurs during the period of insurance and is caused by or results from liquid or water escaping from any fixed apparatus, tanks, fixed pipes or any street gutter, storm channel or storm drain and includes the unusual accumulation of surface waters. Where we agree to pay a claim, we will also pay the cost to find the defect in the fixed apparatus, tank or fixed pipe on your property (but not the cost of finding the defect in any street gutter, storm channel or storm drain) and we will pay reasonable costs to rectify any damage that is necessarily caused to your buildings in finding the defect. If no loss or damage occurs we will pay up to a maximum of $3,000 for any one event to find the defect in the apparatus and the costs to rectify the damage that is caused as a result of finding the defect. We will not cover loss or damage caused by water escaping from shower recess, bath, sink or basin waterbed, or aquarium that is intentionally caused or intentionally incurred by you or a person acting with your express or implied consent. 17 What this Policy Covers

20 18 Additional Cover This policy includes a range of benefits that we refer to as Additional Cover. These benefits are listed on pages 18 to 23 of this booklet. The amount we will pay is in addition to the sums insured specified on your Policy Schedule. Any cover we provide is subject to exclusions. For exclusions to this cover see Section 7 Exclusions, What is Not Covered starting on page 30 of this booklet. Automatic Increase in Sum Insured COVER APPLIES TO BUILDINGS, CONTENTS OR COMBINED BUILDINGS AND CONTENTS In the event of a total destruction of your buildings or contents during the period of insurance the sum insured specified on your Policy Schedule will be increased by half of one per cent for each full month the insurance policy has been in force. No additional premium will be payable for this increase in cover. Credit and Debit Cards COVER APPLIES TO CONTENTS We will cover you for up to $5,000 in total in any one period of insurance for monetary loss you suffer as a result of someone (other than a member of your family who is living with you) using your credit card and/or debit card without your permission during the period of insurance. We will not pay if you have not complied with the terms of use of your card. Contents in Temporary Storage COVER APPLIES TO CONTENTS We will cover you if your contents in temporary storage suffer damage because of an incident covered by this policy, provided that: the incident occurs during the period of insurance you tell us beforehand that your contents has gone into temporary storage, the location and we agree to cover you you nominate a sum insured, and you pay any additional premium we may require. If we agree to provide cover this will be specified on your Policy Schedule. Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

21 The cover provided by this benefit may have a maximum period applied and is limited to the sum insured specified on your Policy Schedule. We will not cover any accident or accidental loss or damage to money, negotiable instruments or jewellery. Contents in Transit to a New Risk Address COVER APPLIES TO CONTENTS We will cover your contents in transit for fire, flood, collision and/or overturning of the conveying vehicle during permanent removal from your risk address during the period of insurance, but only when being moved by road from the insured risk address to another address within the geographical limitations of the Northern Territory. The maximum amount we will pay is limited to $10,000 for any one loss. We will not pay this benefit if your contents are being moved by a professional removalist. Deterioration of Refrigerated Foods COVER APPLIES TO CONTENTS We will cover you for up to $1,000 if any refrigerated foods become inedible or your prescription medication that is required to be refrigerated is no longer safe for consumption or use due to breakdown, failure of electricity supply or accidental damage to a refrigerator or freezer unit at the risk address. We will not cover if the damage is caused by accidental or deliberate switching off of the power supply the deliberate act of any power supply authority, or strikes. Domestic Pets COVER APPLIES TO CONTENTS If your pet is injured at the risk address as a result of an incident covered by this policy, we will pay up to $500 for veterinary expenses incurred. 19 What this Policy Covers

22 20 Environmental Upgrade COVER APPLIES TO BUILDINGS We will pay up to a maximum of $5,000 if at least 80% of your residential buildings are damaged as a result of an incident covered by this policy that occurs within the period of insurance and we authorise repairs or rebuilding, for the supply and professional installation of a rainwater tank or solar hot water system. We will not pay this benefit if the items were already attached or part of the buildings prior to, or at the time of, the loss or damage. Extra Costs COVER APPLIES TO BUILDINGS We will pay up to 10% of your buildings sum insured for the additional costs necessary to comply with local government by-laws where such compliance becomes necessary due to the destruction of or damage to your buildings for an incident covered by this policy and which occurs during the period of insurance. If only part of your building is damaged, we will only pay for the extra costs you incur in repairing that part. Fatal Injury COVER APPLIES TO CONTENTS We will pay $10,000 in the event of your death occasioned by outward and visible violence caused by burglars, housebreakers, crocodile attack or fire provided that such death: is caused or arises at the risk address (except for crocodile attack which can be anywhere in the Northern Territory) during the period of insurance, and follows within 90 days of the event. Modifications to your Buildings COVER APPLIES TO BUILDINGS We will pay up to a maximum of $10,000 for the cost incurred by you to modify your buildings as necessary if you are injured as a direct result of damage to your buildings caused by an incident covered under this policy, provided: such injury is caused or arises at the risk address, and Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

23 the injury results in paraplegia or quadriplegia which after a period of 12 months is then diagnosed as permanent. We will only provide this additional cover where the building is your primary place of residence. Mortgagee Discharge Costs COVER APPLIES TO BUILDINGS In the event of total destruction of your buildings during the period of insurance as a result of an incident covered by this policy, we will pay up to a maximum of $2,000 to cover any administration costs associated with the discharge of any mortgage over the buildings. Plants COVER APPLIES TO BUILDINGS We will pay up to $1,500 for loss or damage to plants growing in your garden at the risk address caused by fire or malicious acts during the period of insurance. We will not pay this benefit if the fire was lit by you. We will pay up to $500 for loss or damage to plants growing in your garden at the risk address caused by storm or cyclone during the period of insurance. Personal Documents COVER APPLIES TO CONTENTS We will pay up to $1,000 to reinstate, reproduce or restore your personal documents following loss or damage whilst the personal documents are stored at the risk address, or in storage in a bank vault or contained in a safe deposit box during the period of insurance. We will not cover personal data stored in a computer Professional Fees COVER APPLIES TO BUILDINGS We will pay up to 10% of your buildings sum insured as a result of an incident that occurs during the period of insurance and is covered by this policy for the cost of professional fees such as; architects and surveyors fees, and for the costs of the temporary protection or security of your buildings necessarily incurred in connection with repairing, rebuilding or replacing your building. 21 What this Policy Covers

24 22 Removal of Debris COVER APPLIES TO BUILDINGS, CONTENTS OR COMBINED BUILDINGS AND CONTENTS We will pay up to a combined total of 10% of your buildings and/or contents sum insured as a result of an incident that occurs during the period of insurance and is covered by this policy for the cost of removing debris that is necessary for repairing or replacing your buildings or contents. Replacing Keys and Repairs to and Re-coding of Locks and Barrels COVER APPLIES TO BUILDINGS If, the key or electronic locking device to any external door lock of your building is stolen, we will pay up to a maximum of $2,500 for all locking devices in any one period of insurance for the repair, replacement or re-coding of the lock(s) operated by that key or electronic locking device. Sale of Insured Property COVER APPLIES TO BUILDINGS If, during the period of insurance, you have entered into a contract to sell your buildings we will extend cover to the purchaser until: the sale or assignment is completed, or the purchaser enters into possession of the building, or the purchaser insures the buildings or becomes liable for damage to the buildings whichever occurs first. This cover will stop immediately if: the sale or assignment is terminated, or your buildings insurance expires. Security Firm Attendance COVER APPLIES TO BUILDINGS We will pay up to a maximum of $1,000 for a security firm to attend your risk address in response to your monitored alarm system being activated if: your contents have been burgled, and/or there is evidence of an attempted burglary during the period of insurance Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

25 Storage Costs COVER APPLIES TO CONTENTS If, during the period of insurance, your buildings you live in suffer loss or damage as a result of an incident covered by this policy and you are unable to live in them as result, we will cover the reasonable costs to remove and store your contents for up to 12 months. The loss or damage must occur as a result of an incident covered by this policy. We will at our option determine the appropriate method of storage. This includes cover for your contents whilst we agree for your contents to remain in storage. Temporary Accommodation COVER APPLIES TO BUILDINGS, CONTENTS OR COMBINED BUILDINGS AND CONTENTS If, during the period of insurance, your buildings at the risk address become unfit to live in as a result of an incident covered by this policy, we will cover you for up to 12 months temporary accommodation if you are: the owner and living in your buildings, or the tenant, including any additional rental costs you may incur as a result of residing in your temporary accommodation. The amount we will pay is the amount of your actual loss and is limited to 10% of your buildings or contents sum insured specified on your Policy Schedule. Visitors Contents COVER APPLIES TO CONTENTS We will cover contents belonging to your visitors or guests for up to $2,000 in total for an incident covered by this policy that occurs during the period of insurance. We will not cover cash and negotiable instruments when your visitor or guest is covered under another insurance contract (to the extent permitted by law), or where you visitor or guest s contents are outside the boundaries of the risk address. 23 What this Policy Covers

26 24 Section 4 - Legal Liability What is covered This policy provides cover for your legal liability for negligence that causes death or bodily injury, illness or loss or damage to other people s property. Any cover we provide is subject to conditions, limits and exclusions. For exclusions to this cover see the what is not covered part of this section, and Section 7 Exclusions, What is Not Covered starting on page 30 of this booklet. Buildings Cover If your buildings are covered by this policy, we will cover you as the owner or occupier of the buildings against legal liability to pay compensation or damages in respect of: bodily injury, death or illness, and loss of or damage to property occurring during the period of insurance which is caused by an accident or series of accidents attributable to one source or originating cause. If your buildings are a total loss, we will continue liability cover for any amount you have to pay as owner or occupier of the buildings for up to 6 months from the date your buildings were destroyed. This cover will stop immediately if: construction commences at the home you sell the land, or you take out a new buildings insurance policy for your home. Contents Cover If your contents are covered by this policy, we will cover you against legal liability to pay compensation or damages in respect of: bodily injury, death or illness, and loss of or damage to property. occurring during the period of insurance as a result of an accident or series of accidents attributable to one source or originating cause anywhere in the world. Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

27 If you are a committee member of a sporting or social club in Australia and receive no more than $1,000 per year for holding this position, we will pay your legal liability in connection with your position as a committee member. The most we will pay including legal costs is $10,000 (inclusive of GST) per claim against you and per period of insurance. However, if you are a committee member of a sporting or social club in Australia, cover does not apply to liability claims for loss or damage to someone else s property, or death or bodily injury to other people. We will only pay for claims against you arising out of an alleged or actual act or omission during any one period of insurance. 25 Amount we will pay Our limit of indemnity for all claims made against you as a result of any accident or number of accidents arising directly or indirectly from one source or original cause is $20,000,000. This amount includes all legal costs and expenses incurred with our consent for which you are legally liable. When your buildings and contents are insured our maximum liability is still $20,000,000 altogether irrespective of whether your buildings and contents are covered under one or more insurance policies. What is not covered These exclusions specifically apply to Section 4 Legal Liability. In addition to the following exclusions please read the exclusions listed under Section 7 Exclusions, What is Not Covered starting on page 30 of this policy. 1. We will not pay for claims arising out of or in connection with: a) your ownership of any land or buildings other than at the risk address b) committing or attempting to commit any unlawful or criminal offence c) the use, removal of, or exposure to any asbestos products or products containing asbestos d) the use of lifts, watercraft, hovercraft, aircraft or landing areas used for watercraft, hovercraft or aircraft, unless the watercraft is up to 4 metres in length and is not powered by a motor, or is powered by a motor up to 10hp What this Policy Covers

28 26 e) the ownership, possession or use of a mechanically propelled vehicle of any description including motorcycles, scooters, quad bikes or mini bikes (other than a mechanically propelled garden appliance, ride-on lawn mower or wheelchair which is not required to be registered by law) f) vibration or interference with the support of land, buildings or other property g) your liability imposed solely by contract However if you are a tenant we will indemnify you for your legal liability for fire damage to a building if you are renting it and if your contents are covered by this policy h) any business, profession, trade or occupation carried out by you, other than you acting as a committee member of a sporting or social club and you receive no more than $1,000 per year for holding this position, or your role as a part-time temporary carer of children in the capacity of a baby-sitter i) any disease that is transmitted by you, or any member of your family who normally lives with you, or anyone else who normally lives with you j) a conflict of duty or interest. 2. We will not pay for claims in respect of: a) loss or damage to property that belongs to you, or is in your custody or control, or belongs to any member of your family who normally lives with you, or anyone else that normally lives with you However, if you are a tenant we will indemnify you for your legal liability for fire damage to a building if you are renting it and if your contents are covered by this policy b) bodily injury, death or illness to you, or any member of your family who normally lives with you, or anyone else who normally lives with you c) bodily injury, death or illness to any person that you employ arising out of or in the course of their employment, other than a person employed by you to babysit your children for less than 10 hours per week Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

29 d) bodily injury, property damage or any other loss arising directly or indirectly out of, or in any way involving, your: use of electronic mail systems access through any computer to the world wide web operation and maintenance of your own website However we will indemnify you for your legal liability up to an amount of $50,000 (including all costs and legal expenses) for these activities. This limited cover is subject to all other conditions and exclusions in this policy and your Policy Schedule e) penalties, fines or awards of aggravated, exemplary or punitive, or liquidated damages made against you or payable by you f) loss that can be reimbursed by your sporting or social club g) claims brought against you outside the Commonwealth of Australia. 27 What this Policy Covers

30 28 Section 5 - Optional Cover You can increase your cover under this policy by adding any of the following options. You will need to apply for these covers and pay an additional premium. Any options that we agree to add to your policy will be specified on your Policy Schedule. Any cover we provide is subject to conditions, limits and exclusions. For exclusions to this cover see Section 7 Exclusions, What is Not Covered starting on page 30 of this booklet. Personal Effects (Available only when you have contents cover) Your current schedule shows if you have selected Personal Effects cover and whether this relates to Unspecified Personal Effects and/or Specified Personal Effects. What is covered We will cover you for loss or damage to your personal effects as a result of an accident occurring anywhere in Australia and elsewhere in the world during the period of insurance. Cover outside Australia is limited to 120 continuous days in any one period of insurance. Unspecified Personal Effects We will cover you for the following unspecified personal effects: a) travellers suitcases and bags, handbags, briefcases, wallets and purses, but not the contents of these items (apart from the property described in clauses b to k below); b) clothing; c) jewellery, watches or items containing silver or gold; d) cosmetics and toiletries; e) clocks; f) sporting equipment, but not watercraft, camping equipment or motor or trail bikes; g) musical instruments; h) photographic or video equipment; i) binoculars or telescopes; j) writing instruments; k) spectacles and sunglasses; Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

31 We will not cover accidental loss or damage to: a) any item used for business, trade or professional purposes; or b) any other item not specifically listed above. Unspecified personal effects are covered up to the limits you have selected as shown on your current Policy Schedule under the heading Personal Effects. In the event of a claim you must be able to provide evidence of the value and ownership of such unspecified personal effects. An excess applies to all claims in respect of unspecified personal effects. This may differ from your basic excess and will be shown on your Policy Schedule. Specified personal effects Specified personal effects are those items which you requested us to list separately in the current schedule. Specified items are covered up to the amount of their individual sum insured (less any excess[es] which may be payable) as stated in the current schedule under the heading Specified Personal Effects. In the event of a claim you must be able to provide evidence of the value and ownership of such specified personal effects. An excess applies to all claims in respect of specified personal effects. This may differ from your basic excess and will be shown on your Policy Schedule. Disaster Cover We will increase the sum insured on your buildings by 30% if: your buildings suffers an insured loss or damage which is covered by Section 1 Buildings, and the loss or damage was caused by a named cyclone (including storm surge), flood or earthquake (including tsunami). 29 What this Policy Covers

32 30 Section 6 Strata Title Mortgage Protection What is Covered At your request we will cover you for your liability under the terms of your mortgage if your buildings are owned under a strata title or similar plan. Any cover we provide is subject to conditions, limits and exclusions. For exclusions to this cover see Section 7 Exclusions, What is Not Covered starting on page 30 of this booklet. Amount we will Pay The cover is subject to the relevant sections of the Unit Titles Act (NT). Where your buildings are damaged as a result of an incident under Section 3 Accidental Damage, we will pay: the sum insured, or the amount of loss, or the amount sufficient at the date of loss or damage to discharge the mortgage on your buildings whichever is the lesser amount. The cover does not discharge your obligation to pay your mortgage, for example if the amount we will pay is less than the outstanding balance on your mortgage. We will only pay this when the body corporate: has not insured the buildings, or has not insured the buildings for loss or damage you can claim for under this policy. Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

33 Section 7 Exclusions, What is not Covered 31 Any cover we provide is subject to the following exclusions. Please read this information carefully as it details incidents and circumstances not covered under this policy. For what is covered, what is not covered and the amount we will pay, see: Section 1 Your Buildings see page 6 Section 2 Your Contents see page 8 Section 3 Accidental Damage see page 15 Section 4 Legal Liability see page 24 Section 5 Optional Cover see page 28 Section 6 Strata Title Mortgage Protection see page 30 The following exclusions apply to all sections of cover provided by this policy 1. We will not cover any loss, damage or legal liability as a result of, caused by or arising from: a) any incident that happens outside your period of insurance b) any alleged or actual act or omission committed or alleged to have been committed, outside your period of insurance c) any criminal or unlawful act by you, or any member of your family who normally lives with you, or anyone else who normally lives with you, or anyone acting for you, with your express or implied consent d) any alterations, additions, repairs or renovations to your building that cost more than $50,000 (inc. GST) e) deliberate or intentional acts by you, or anyone acting for you with your express or implied consent f) any act or omission that is dishonest, fraudulent or criminal g) anything nuclear or radioactive h) contamination of air, liquid or soil unless the loss, damage or legal liability is due to a sudden unexpected or unintended accident i) pollution of air, liquid or soil unless the loss, damage or legal liability is due to a sudden unexpected or unintended accident What this Policy Covers

34 32 j) the lawful seizure, confiscation, nationalisation, requisition or destruction of your buildings or contents or any other item covered by this insurance k) the use, installation, removal of, or exposure to any asbestos products or products containing asbestos l) associated with the installation or recreation of software, rewriting records, working files or any other information for use on a computer, or any other digital or analogue device m) an act of terrorism n) war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power o) subsidence or landslide unless it arises immediately from an earthquake or explosion. The following exclusions apply to all sections of cover provided by this policy except Section 4 Legal Liability 2. We will not cover any loss or damage as a result of, caused by or arising from: a) depreciation, rust, corrosion, deterioration or erosion b) the sea, tidal wave, tsunami (other than tsunami resulting from an earthquake) or high water (other than storm surge) c) wear and tear which is caused by, but not limited to: marring, denting, chipping or scratching d) moths, vermin, possums, termites, ants or insects, reptiles, amphibians, birds or bats e) faulty materials or defect in an item, design or workmanship in your buildings or your contents f) error or omission in design, plan or specification or failure of design g) settling seepage, shrinkage or expansion in buildings, walls, roofs, floors, ceilings, foundations, pavements, roads and the like h) the undergoing of a process necessarily involving the application of heat i) theft from any part of your buildings which you share with another person who is not insured under this policy j) mildew or atmospheric or climatic conditions k) any process of cleaning using chemicals, other than household chemicals Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

35 l) roots from trees, plants, shrubs or grass m) an animal at the risk address with your permission n) a computer virus, worm or Trojan resulting in loss, corruption, destruction or unavailability of electronic data or software or malfunction of hardware or embedded chips. This exclusion applies whether or not the virus worm or Trojan is genuine or a hoax. Exclusions 2.a), c), d), e), f) g), h), j) and k) will apply to the item or structure immediately affected and not to any resultant damage to other property covered by this insurance. 3. We will not cover for loss of or damage to: a) any mechanical, electric or electronic device caused by its own internal failure, breakdown or derangement b) any photographic apparatus whilst used under water c) any musical instruments, motorcycles, motorised golf buggies, sporting or fishing equipment whilst in play or being used d) any glassware, crystal, crockery or china whilst being carried by hand or during use e) property due to tree felling or tree lopping (by you or with your consent) at the risk address. 4. We will not cover for loss or damage caused by or arising out of: a) cyclone, flood or storm surge if such loss or damage occurs within 72 hours from cover commencing under this insurance contract. In the case of a mid term alteration no increased limit, cover or sum insured will apply until 72 hours have passed from when the alteration was requested b) fire or explosion, actual or attempted theft, burglary or housebreaking, a person acting maliciously or any accidental damage where your building is unoccupied for a continuous period of more than 60 days unless you advise us beforehand in writing, we agree to cover you and you pay any additional premium we require. If we agree to provide cover we will advise you in writing. 33 What this Policy Covers

36 34 Section 8 - Important Information Resilience is being prepared for what the Territory can throw at you by protecting your home with the right insurance cover. To obtain the most out of your insurance cover, you must be open and honest with us and adhere to your responsibilities and obligations under this cover. Your Duty of Disclosure Before you enter into this insurance with us, you have a duty of disclosure under the Insurance Contracts Act The Act imposes a different duty the first time you enter into a contract of insurance with us to that which applies when you vary, extend or reinstate the contract. This duty of disclosure applies until the contract is entered into (or varied, extended or reinstated as applicable). Your Duty of Disclosure when you enter into the contract with us for the first time When answering our specific questions that are relevant to our decision whether to accept the risk of the insurance and, if so, on what terms, you must be honest and disclose to us anything that you know and that a reasonable person in the circumstances would include in answer to the questions. It is important that you understand you are answering our questions in this way for yourself and anyone else whom you want to be covered by the contract. Your Duty of Disclosure when you vary, extend or reinstate the contract When you vary, extend or reinstate the contract with us, your duty is to disclose to us every matter that you know, or could reasonably be expected to know, is relevant to our decision whether to accept the risk of the insurance and, if so, on what terms. What you do not need to tell us Your duty however does not require disclosure of any matter: that diminishes the risk to be undertaken by us; or that is of common knowledge; or that we know or, in the ordinary course of our business as an insurer, ought to know; or Territory Home Insurance Accidental Damage Product Disclosure Statement and Policy

37 as to which compliance with your duty is waived by us. Non-disclosure If you fail to comply with your duty of disclosure, we may be entitled to reduce our liability under the contract in respect of a claim, cancel the contract or both. If your non-disclosure is fraudulent, we may also have the option of avoiding the contract from its beginning. 35 Your obligations under this Policy In addition to your duty of disclosure, there are other obligations that you must meet when you are insured with us. Changes You must tell us as soon as possible of any circumstances that occur, or changes that are intended or made which increase the risk of loss, damage or liability. Unless we have agreed in writing to cover any changes to the risk and you pay any additional premium required, we will not pay any loss, damage or liability caused by, arising from or relating to the changes. You must tell us if: your building is unoccupied for a continuous period of more than 60 days Note: if you do not tell us that your building is unoccupied for a continuous period of more than 60 days, your cover will be limited to the following: earthquake including tsunami caused by earthquake flood impact lightning strike riot or civil commotion storm, cyclone, rainwater and hail storm surge What this Policy Covers