Special Risk Insurance
THE POLICY
Special Risks insurance provides "all risks" cover unless specifically excluded, on a wide range of personal effects or portable property that may regularly change locations or be in transit and where cover is required anywhere within Australia.
WHO NEEDS THIS COVER?
The cover is suitable for personal property and moveable property belonging to the Catholic Church. It is also suitable to cover art shows, displays etc.
DEDUCTIBLE/EXCESS
The cover is subject to a deductible of $500 or $100 depending on the property insured.
LIMITS OF LIABILITY
The cover is limited to the amount shown in the policy schedule against each specified item or if unspecified items are covered, the amount shown against that description.
FIRE SERVICE LEVIES and STAMP DUTY
Stamp duty is added to premiums with the amount varying from state to state. Fire Service Levies are not applicable.
FEATURES and BENEFITS
The cover is broad in scope and items are insured against loss, damage or destruction caused by any accident or misfortune arising from fortuitous circumstances unless the event or peril is specifically excluded by the policy exclusions.
A wide range of items such as sporting equipment, musical instruments, jewellery, personal effects, art, equipment of all sorts and bicycles can be covered. Motor vehicles, motor bikes, water craft and aircraft or fixed property cannot be insured under this policy.
Exclusions
The policy does not cover:
- Loss or damage to the property from an inherent defect or from the action of light, atmospheric or climatic conditions or from mechanical or electrical breakdown or derangement.
- Loss or damage from wear and tear, from any process of alteration, cleaning, repairing or renovation, or by moth, vermin, mildew, gradual deterioration or depreciation.
- Chipping, cracking, denting or scratching of the property (other than sacred vessels or precious stones).
- Breakage of glass (other than lenses), china, marble or earthenware unless caused by fire, burglary, theft or accident to conveyances.
- Damage caused by over winding of watches or clocks.
- Damage to sporting equipment whilst such equipment is being used.
- Breakage of strings, reeds, skins and the like in musical instruments.
- Loss or damage to the property occasioned by confiscation, nationalisation and the like by Governments.
- Cash and negotiable instruments.
IMPORTANT POINTS
Where the cover fits within one of Catholic Church Insurances Limited's other policies, then the insurance should be arranged under that other policy rather than the Special Risks policy.
TAKING OUT A POLICY
Catholic Church Insurances Limited will assist in obtaining information necessary for providing a quotation and issuing a policy.
Claims should be lodged with Catholic Church Insurances Limited as soon as possible by telephoning 1300 655 001.
Please note: this information sheet is not intended to replace the policy wording. It is designed for information purposes only and should be read in conjunction with the policy wording. For further information or a full copy of the policy wording please contact Catholic Church Insurances Limited on 1300 655 001.
Return to Insurance Protection for Schools
Back to top
|
