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Will my Home
and Contents Insurance
Policy
cover the
move or storage of my goods?
Usually they
do not, but by all means
check your policy wording or
contact your insurer to find
out. Ask if the cover is
Restricted or Full Transit.
There are very distinct
differences.
Do I need to
ensure everything
Again this is
up to you. If you decide to
insure only specific items,
anything that is not on the
specified list will not be
covered.
Which type of
cover do you recommend I
take
out?
Without
knowing your individual
circumstances, we generally
recommend that customers
take out Full Cover and
insure their goods for
Replacement Cost. This means
that you have the broadest
coverage against the risks
of loss or damage and you
would receive new for old in
most circumstances. (unless
your goods are more than 7
years old)
However we
cannot advise you about your
personal situation. You need
to read the Product
Disclosure Statement (PDS)
carefully and choose the
cover that best suits your
circumstances.
How
much should I value my goods
for?
If
you choose replacement
cover, you need to estimate
the cost of replacing your
goods with new goods of
similar type and quality.
If your
choose market value cover,
then you would need to
estimate the amount that you
would be likely to receive
for your goods if you sold
them, as they are.
Does
this cover me for
everything?
That
will be entirely dependant
upon the cover that you have
selected.
I
have 100 CD’s. Do I have to
itemise them individually?
No just
estimate their total value.
For example you may estimate
their replacement value at
$2000.00. In the event of a
claim, you would receive
$20.00 per CD.
However, if
you have for example, a
valuable special edition,
you may like to specify it
and value it separately.
I
have to put my goods in
storage - do I have to take
out separate insurance for
that?
Yes, storage
cover is in most cases
an extension of your
transit cover.
Is
the transit insurer
independent of the removal
company to ensure no
conflict of interest in
claims?
Yes, unlike
many removal companies who
have chosen to self insure,
if a claim is made, it is
assessed and processed by
the insurance company
themselves. This ensures
that your claim will not be
devalued by the removalist,
in an effort to minimize
their liability and
therefore cost when the time
comes to pay out on your
policy.
INSURANCE
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