Insurance Policy Changes Quiz

What change was made to the 'Deterioration of food' additional benefit?

• It was removed entirely

• A $500 excess was introduced

• No excess now applies to claims

• The benefit is now capped at $2,000

What happened to the solar panel cover under the Private Plan?

• Increased to $10,000

• Removed and now part of Building sum insured

• Travel fee increased to $1,000

• A & C

What is the new coverage limit for 'Temporary accommodation or loss of rent'?

• $30,000 for Classic Home

• $15,000 for Standard Home

• 20% of Building or Contents sum insured

• Unlimited for 52 weeks

What new benefit was introduced for 'Removal of debris'?

• Included within Building sum insured

• Covered only for declared catastrophes

• Up to 20% of Building or Contents sum insured

• $50,000

What is the new benefit for 'Contents in the open air'?

• $500 per item

• $2,000 per event

• $5,000 per event

• Up to the Contents sum insured

What is the new limit for 'Personal property' in a motor vehicle?

• $1000

• $750

• $500

• Up to the market value

What is the updated coverage for non-specified accessories in a vehicle?

• $1000

• $2000

• $3000

• Up to the market value

What is the new contract value limit for damage to alterations, additions, or repairs to

Your Home?

• $100,000

• $75,000

• $50,000

• 10% of the building sum insured

What change was made to the earth movement damage section?

• Removal of the $10,000 limit for water overflowing, leaking or bursting from a fixed pipe/system

• Separation of Storm & Flood damage into 2 points so opting out of Flood does not affect Storm damage coverage

• Reduction to damage occurring within 24 hours of the event

• All of the above

• A & B only

What is the updated Hire Car Benefit under the Motor Vehicle policy for Comprehensive cover?

• Up to $1000 for 21 days

• Up to $1,500 for 21 days

• Up to $2000 for 21 days

• Unlimited for 30 days