Bank of Melbourne Home and Contents
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Description
Cover summary
- Up to $20 million
- Cover for people named on the policy, plus their family members living with them
- Cover for incidents worldwide
Cost
Covered events
- Covers theft, attempted theft, burglary and attempted burglary
- No cover for theft by residents, people employed at the home, people invited into the home or people acting with the insured's consent
- Up to $500 for security firm callout
- Covers fire, bushfire, grassfire and smoke
- Accidental damage option covers scorching/melting
- 72 hour waiting period for bushfire and grassfire
- Covers flood and flood water combined with run-off or rainwater
- Covers soil movement, erosion, landslide, mudslide and subsidence, but must be directly caused by and occur within 72 hours of flood
- No cover for damage caused by shrinkage/expansion of earth or hydrostatic pressure
- No cover for damage to retaining walls; pontoons; jetties; bridges; trees; shrubs; plants planted in the ground; or swimming pool/spa covers, liners or solar domes
- No cover for cleaning mud/debris out of tanks, swimming pools or spas
- Gates and fences not covered if in poor condition or not well maintained, and this contributes to the damage
- 72 hour waiting period
- Covers storm, cyclone, rainwater and run-off
- Accidental damage option covers rainwater, run-off, hail, wind or water entering building through opening not made by the storm
- Covers soil movement, erosion, landslide, mudslide and subsidence, but must be directly caused by and occur within 72 hours of storm
- No cover for damage caused by hydrostatic pressure
- No cover for damage to trees, shrubs and plants in ground; retaining walls; or swimming pool/spa covers, liners and solar domes
- No cover for damage caused by rainwater to external paintwork or other exterior coatings
- No cover for cleaning mud/debris out of tanks, swimming pools or spas
- 72 hour waiting period for cyclone
- Covers impact damage caused by animals
- Covers fire and water/liquid damage caused by vermin (including "native vermin" e.g. possums)
- No cover for impact damage caused by domestic pets kept in building
- No cover for damage caused by birds or insects
- Optional
- Covers accidental loss and damage to home and contents
- Covers damage caused by motor burnout
- Covers scorching and melting
- Up to 90 days cover for contents anywhere in Australia
- No cover for damage caused by domestic animals or pets owned by you or for which you are legally responsible; or removal or weakening of, or interference with, support to land or buildings for the pupose of construction, alterations, extensions or repairs
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)
- Insurer may offer non-cash alternatives
Building
- Motors up to 10 years
- Optional
- Up to $5000 overall
- No cover for cyclone, flood, rainwater, storm or tsunami
- Up to $5000 overall
- Paid on top of sum insured
- Up to $5000 overall
- Paid on top of sum insured
- Up to 10% sum insured overall
- Paid on top of sum insured
- Up to 12 months or 10% sum insured
- Paid on top of sum insured
- Building claims: covers rental accommodation for you and your pets
- Contents claims: covers temporary accommodation, mail forwarding, additional gas/electricity costs, rental bonds and removal/storage of undamaged contents
- Up to $500 for pet boarding
Contents
- Covers some items for theft and accidental loss/damage
- Choose overall limit from $1000–$7500
- Choose limit from $500–$2000 per item
- Covered anywhere in Australia, and for up to 120 days in rest of the world
- $100 excess
- Optional
- Cover for theft and accidental loss/damage
- Covered anywhere in Australia, and for up to 120 days in rest of the world
- $100 excess
- Up to 12 months
- Covers moving/storing undamaged contents
- Up to $7500 overall
- Up to $2500 per item, set or collection
- Up to $7500 overall
- Up to $2500 per item, set or collection
- Up to $7500 overall
- Up to $2500 per item, set or collection
- Cover for insured events, unit failure, escape of refrigerant fumes and failure of public electricity supply
- Up to $500 for natural disaster
- Up to $500 overall
- Cover for road accident injury
- Up to contents sum insured overall
- Included in optional accidental damage cover
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