 |
Agreed Value is the most we will pay for your car, less any excess and any other deductions this policy explains, for any accidental loss and damage covered by this policy occurring during the period of cover. The agreed value includes GST. The current agreed value is shown on the most recent of your insurance schedule and your renewal notice. See also page 6 for how we set your car’s agreed value. Cover and covers mean the protection provided by this policy. Endorsement means a special condition that applies to your policy. For example, an endorsement may state that an Australian Standard immobiliser needs to be fitted to your car for your car to be covered in the event of theft or attempted theft. Any endorsements to your policy are shown on your policy schedule. Excess. An excess on your policy is the first amount that you must contribute towards each claim. When one or more excesses apply to your policy, they will be shown on the most recent of your insurance schedule and renewal notice. See also page 18.
PDS means Product Disclosure Statement. Period of cover means the current period for which we have agreed to provide you with insurance cover. The current period is shown on the most recent of your insurance schedule and renewal notice, and any receipt we may send to you. When we make a write-off payment or replace your car, the period of cover comes to an end. See also page 15. Policy means this PDS (including any supplementary PDS) and your policy schedule. Your policy schedule comprises the notices we give you which show the particular details and the current status of your policy. These notices are the most recent of your insurance schedule and renewal notice, and any receipt we may send you.
|
No comments:
Write comments