Premium Factor
Possible Impact 
Sum Insured A higher Sum Insured will normally attract a higher Premium.
Discounts You may qualify for one or more of the discounts offered by us.
Construction materials used for your Home Properties made of materials of varying costs and durability may attract different Premiums.
Amount of Basic Excess selected Your Premium may be affected by the amount of Basic Excess selected.
Location of your Insured Property The location of your Insured Property may affect your Premium (e.g. a high bushfire or Flood zone).
Occupancy of your Home The occupancy status or periods of occupancy of your Home may attract different Premiums.
Specified Contents If the value of a Contents item exceeds the limits set out in this PDS and you wish to specify the item’s full value and we agree, this may attract a higher Premium.
Age of Insured(s) and Co-Insured(s) The age of Insured(s) and Co-Insured(s) may affect premium.
Claim History of Insured(s) and Co-Insured(s) Claim history of Insured(s) and Co-insured(s) may attract different Premiums.
Whether your Home is subject to finance Your Premium may be affected if you have taken out a loan for your Home.
Year your Home was built The year your Home was built may affect your Premium.

Optional Cover
Excess Applicable 
 Accidental Damage  Non-removable Excess
 Fixtures and Fittings  Home Basic Excess
 Pet Cover  Non-removable Excess
 Premium Choice Home Benefit No Excess Applicable 
Specified items Away from Home No Excess Applicable
Specified items in the Home  Contents Basic Excess

Insured Events
Insured Property: Building 
Insured Property: Contents
Limits (up to)
Waiting Period
Page
1. Fire (including bushfire) Yes Yes Applicable Sum Insured 48 hours (bushfire only) 29
2. Explosion Yes Yes Applicable Sum Insured  N/A 29
3. Burglary, Theft or attempted Theft  Yes Yes  Applicable Sum Insured 48 hours 30
4. Lightning Yes Yes Applicable Sum Insured N/A 30 
5. Earthquake or Tsunami Yes Yes Applicable Sum Insured 48 hours 30 
6. Storm or Rainwater Runoff Yes Yes Applicable Sum Insured 48 hours 31
7. Bursting, leaking, discharging or overflowing of water or liquid Yes Yes Applicable Sum Insured N/A 32
8. Malicious Damage, Intentional Damage or damage by vandals Yes Yes Applicable Sum Insured N/A 33
9. Riot or civil commotion Yes Yes Applicable Sum Insured N/A 34
10. Impact Yes Yes Applicable Sum Insured N/A 34
11. Damage by an animal Yes Yes Applicable Sum Insured  N/A 35
12. Flood Yes Yes Applicable Sum Insured 72 hours 36

Legal Liability
Building
Contents 
Limits (up to)
Page
Legal Liability (at the home) Yes No $20,000,000 in total 37
Legal Liability (in Australia or New Zealand) No Yes $20,000,000 in total 37

Additional Benefits
Building
Contents
Limits 
Page 
Accidental breakage of glass and sanitary fixtures Yes Yes Applicable Sum Insured 38
Credit card or ATM fraud No Yes $1,000 39
Legal Costs Yes Yes No limit but pre-approval required 39
Loss of Rent Yes No 10% of the Home Sum Insured 40
Motor burnout Yes Yes Applicable Sum Insured 40
Replacement of locks Yes Yes $1,000 42
Spoilage of food No Yes $500  42
Sum Insured safety net Yes Yes 10% of the applicable Sum Insured 43
Temporary accommodation Yes Yes 10% of the applicable Sum Insured 44
Temporary removal of Contents No Yes 10% of the Contents Sum Insured 45
Unfixed Home building materials Yes No  $1,000 45

Optional Covers
Building 
Contents
Limits (up to)
Page
Accidental Damage to Contents No Yes As shown on your Certificate of Insurance 46
Fixtures and Fittings Yes No Applicable Sum Insured  47
Pet Cover No Yes $500 47
Premium Choice Home Benefit Option No Yes Refer to pages 49-52 49
Specified Items Away from Home No Yes Applicable Sum Insured  48
Specified Items in the Home No Yes Applicable Sum Insured 48

What we pay

 
Information
Home Sum Insured $350,000  As your Home is a Total Loss and you do not wish to rebuild at the same address, RAA pay you up to the Sum Insured.
Contents Sum Insured
 $80,000 As all your Contents have been destroyed, RAA pay you up to the Sum Insured.
Less Excess -$300 Your Basic Excess is $300 as the loss was caused by one Incident, therefore only one Excess applies.
Less outstanding premium -$700 You are required to Pay any outstanding Premium (this includes any remaining monthly instalments for the term of your Policy).
 Total claim  $429,000  

What we pay 
  
Information
Cost to replace the ring $11,000  RAA is able to replace the ring with a new one that is the same for an amount less than the Sum Insured.
Less Excess   $0 Optional Cover Specifies Items Away from Home does not have an Excess.
Total claim $11,000  

What we pay
  
Information
Replacement Cost of stolen Contents $4,750 Paid to the suppliers who provide the replacement items to you.
Less Excess -$300 Your Basic Excess is $300 for Contents.
Less Excess -$500 Your Non-removable Excess is $500.
Total claim $3,950  

What we pay
  
Information 
Repair Cost $12,500  RAA pay this amount directly to the builder(s) responsible for undertaking the repairs to your Home. 
Less Excess -$300 Your Basic Excess is $300 as the loss was caused by one Incident, therefore only one Excess applies.
Total claim $12,200