|*Note: depreciation applies to claims for fusion of motors over 5 years old, damage to items which are second-hand or over 10 years old, and damage to fabrics including carpets and curtains.
|Standard Cover Inclusions: |
|Malicious Damage & Theft by Tenant ||Covered to full contents sum insured |
|Cyclone Damage ||Covered to full contents sum insured |
|Fusion of Motors ||Reasonable costs up to full contents sum insured - no kW limit
(depreciation applies if over 5 years old)
|Loss of Rent*(Due to insured damage or prevention of access caused by
damage to neighbouring property)
||Up to $1,000 per week for a maximum of 52 weeks |
|Rent Default ||Not Insured |
|Public Liability ||$20,000,000 |
* Any settlement payable will be reduced by the amount of the Bond Monies remaining after deduction of allowable expenses.
Rent Default (cover when your permanent tenant fails to pay their weekly rent) is subject to a written Lease or Rental Agreement being in place and Bond money to the equivalent of 4 weeks rent collected.
|Earthquake ||$200 excess |
|Malicious Damage and Accidental Damage ||$200 excess |
|Theft by Tenant ||$100 excess |
|Cyclone ||1% of loss or damage |
|All other claims ||$100 excess |
|Loss of Rent ||7 days from when a property becomes untenantable |
Please refer to the Policy Wording & PDS for full terms & conditions of the cover provided
Please refer to the Policy endorsement
We advise that should you decide to proceed with this insurance, Quattro Risk Services Pty Ltd (ABN 81 001 766 776, AFSL 225022) will be acting under an authority given to them by Millennium Underwriting Agencies Pty Ltd (ABN 38 079 194 095 AFSL 246721). In this respect only, Quattro Risk Services will be effecting the contract as agent for Millennium Underwriting Agencies Pty Ltd.