BMW Tyre & Rim Insurance 1 Year PDS

More documents

Recommendations

Info

6. GST NoticeYour policy has a GST provision in relation to premiumand our payment to you for claims. It may have animpact on how you determine the amount of insuranceyou need. Please read it carefully. Seek professionaladvice if you have any queries about GST and yourinsurance.Sums insuredAll monetary limits in your policy may be increased forGST in some circumstances (see below).Claim settlements – Where we agree to payWhen we calculate the amount we will pay you, we willhave regard to the items below:• Where you are liable to pay an amount for GST inrespect of an acquisition relevant to your claim(such as services to repair a damaged item insuredunder your policy) we will pay for the GST amount.• We will pay the GST amount in addition to the suminsured/limit of indemnity or other limits shown inyour policy.If your sum insured/limit of indemnity is notsufficient to cover your loss, we will only pay the GSTamount that relates to our payment in settlement ofyour claim.We will reduce the GST amount we pay for by theamount of any input tax credits to which you are orwould be entitled.• Where we make a payment under your policy ascompensation instead of payment for a relevantacquisition, we will reduce the amount of thepayment by the amount of any input tax credit thatyou would have been entitled to had the paymentbeen applied to a relevant acquisition.18
• Where your policy insures business interruption,we will (where relevant) pay you on your claim byreference to the GST exclusive amount of any supplymade by your business that is relevant to your claim.Disclosure input tax credit entitlementIf you register or are registered for GST, you are requiredto tell us your entitlement to an input tax credit on yourpremium. If you fail to disclose or understate yourentitlement, you may be liable for GST on a claim wemay pay. Your policy does not cover you for this GSTliability, or for any fine, penalty or charge for which youmay be liable.19
Page 1: POLICY DOCUMENT ANDPRODUCT DISCLOSU
Page 5 and 6: About this insuranceIntroductionTha
Page 7 and 8: any relevant compulsory government
Page 9 and 10: What your policy consists ofYour po
Page 11 and 12: “policy year” means the year co
Page 13 and 14: What we will payFor your motor vehi
Page 15 and 16: When we will not payyour claimWe wi
Page 17 and 18: 4. whose blood alcohol reading at t
Page 19: c. Subject to (d), if you or we can
Page 23 and 24: Other importantinformationYour Duty
Page 25 and 26: other than those we supplied it for
Page 27 and 28: This insurance is issued by Allianz
Page 29 and 30: Tyre and Rim InsuranceSupplementary

BMW Tyre & Rim Insurance 1 Year PDS

Create successful ePaper yourself

Delete template?

Save as template?