|All Risk or Comprehensive Policy ||We cover your contents for “all risks”, not specific losses or “perils” |
|Off Premises coverage - contents ||We insure your contents both while temporarily away from your premises AND while permanently at another uninsured location (worldwide). |
This includes student property while at school.
|Replacement Cost – on contents ||We pay based on Replacement Cost on your contents, with no allowance for depreciation, even if you choose a cash settlement instead of replacing the items. |
|Bylaws(Rebuilding to Code) ||We cover additional costs to bring your Strata Unit up to current building standards in the event of a loss. |
|Special Levy Coverage ||We cover any special levy assessed by the Strata Corp. made necessary by a direct loss to the complex, caused by an insured peril or assessed due to a liability loss. |
|Improvement and Betterments ||We cover any improvements to your unit that are not covered by the Strata Corp. |
|Unit Owners Protection ||We cover direct damage to your unit, by an insured peril, if the Strata Corp. policy is inadequate. |
|No Deductible for Losses over $50,000 || |
|Temporary Relocation Costs Protection ||We cover your additional expenses if you need to move out of your home as a result of an insured loss |
If we increase any included coverage, you immediately get that coverage – at no extra charge.