Document ID: chunk:federal_register_of_legislation:F2015L00299:reg:5:p2
Version: federal_register_of_legislation:F2015L00299
Segment Type: reg
Provision Reference: reg 5 (pt 2/7)
Character Range: 3654–6251

premium will be higher.

           * the sum insured. The higher the sum insured, the higher the premium.

           * your past claims experience. Your premium will be lower if you have a good claims history under similar policies.

           * the construction of your home. If your home is constructed of materials that will result in a greater risk of a fire, the premium will be higher.

           * whether your home is strata title and subject to Body Corporate Insurance. The premium will be lower if your body corporate also insures the building.

       6              Page 8 – Your sum insured

       omit:

    additional expenses (see pages 20 – 23):

       substitute:

additional expenses up to a maximum of 20% of the sum insured

       7              Page 9 – Making a claim

       omit:

If we agree you have a claim
It is important to note these rights we have if we agree you have a
claim:
• We may give information about your insurance to solicitors,
loss adjusters or any other people who act for us in assessing,
investigating, settling or defending the claim.
• Only we have the right to:
– settle or defend the claim, or
– make or accept any offer or payment, or in any other way
admit you are liable.
• If the loss or damage you claim for was caused by someone else,
we can use any of the legal rights you have against that person
to try and recover the amount of your claim. This means that we
can take that person to court and sue them for the loss or damage
using your name. Only we have the right to take the matter to
court. If we go to court, we decide how we will argue or settle
your case.
If we recover money from the person who caused the loss or
damage, we keep an amount equal to the amount we paid you for
the claim.
You must cooperate with us in our attempts to legally recover the
amount of the claim.

• Once we pay your claim, we may take possession of the damaged
property. If we do, we decide what we will do with it.

       substitute:

    If we agree to pay your claim

    If we agree to pay your claim:
      *                   We will take over conduct of the claim;
      *                   We may give information about your claim to solicitors, loss adjusters or any other people who act for us in assessing, investigating, settling or defending the claim;
      *                   We may:
          +                  settle or defend the claim, or
          +                  make or accept any offer or payment, or admit you are liable.
      *                   If the loss or damage you claim for was caused by a third party,