HOME BUILDING INSURANCE POLICY - AAMI

there is any difference for the remainder of your period of cover in
the premium payable for your former home and your new home.
If there is any difference in the premium, we will refund or charge you
that difference.
Any refund we make will be less our reasonable charge for
administrative and processing costs.
If we charge you and you do not pay the additional amount within 14 days
of our notice, we may reduce the period of cover of your amended policy
to match the amount you have already paid.
Cover for both your new and current homes – an additional
premium is payable
When you have purchased a new home:
that we have agreed to cover,
and your current home is being sold,
but title for your current home has not been transferred to its purchaser,
we will cover:
your new home, and
your current home until the transfer of title to its purchaser.
An additional premium is payable for this cover.
Damage to electric motors
We will pay the full cost of damage caused by electric current to an electric
motor if the motor is less than ten years old, when the motor is in a piece of
fixed domestic equipment forming part of your building,
We will not pay if the damage to the motor or the equipment is covered
by a new product guarantee or warranty.
Locating water leaks
We will pay the reasonable cost of locating the source of water or liquid
leaking or discharging from pipes and fixtures and fittings at your building.
We will not pay the cost of repairing or replacing the pipe, fixture or
fitting which caused the leak or discharge
The most we will pay is shown on the most recent of your policy schedule and
renewal notice.
Replacing locks
When the key to the lock of any window or external door of your building
is stolen, we will pay the reasonable cost of replacing or rekeying the locks
operated by that key.
Damage to garden beds, trees, shrubs and other plants
We will help pay for damage or loss to trees, shrubs, plants, hedges or garden
beds on your site caused by fire or the impact of vehicles (not driven by you or
by any person living at your home).
The most we will pay is shown on the most recent of your policy schedule and
renewal notice.
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