Document ID: chunk:federal_register_of_legislation:F2015L00299:reg:5:p6
Version: federal_register_of_legislation:F2015L00299
Segment Type: reg
Provision Reference: reg 5 (pt 6/7)
Character Range: 13432–16542

we
describe on page 14, or the excess for accidental loss or damage we
describe on page 25, the amount will be shown in the certificate.

    Definition of "flood"

    substitute:

    "flood" means the covering of normally dry land by water that has escaped or been released from the normal confines of any of the following:
      *                   a lake (whether or not it has been altered or modified);
      *                   a river (whether or not it has been altered or modified);
      *                   a creek (whether or not it has been altered or modified);
      *                   another natural watercourse (whether or not it has been altered or modified);
      *                   a reservoir;
      *                   a canal;
      *                   a dam.

15 Page 30 - Definition of "vehicle"

    after the definition, insert:

    Claims Examples

    The following examples are designed to illustrate how a claim payment is calculated and to assist you in understanding some of the significant benefits of the policy. They are examples to be used as a general guide only. The examples do not form part of your policy terms and conditions.

    The examples assume that the policy holder is not entitled to claim Input Tax Credits.

    You should read this policy and your certificate for full details of what we cover as well as what policy limits and exclusions apply.

    EXAMPLE 1 - TOTAL LOSS: FIRE
    You have cover with a sum insured for Part 1: Home Building of $360,000. No excess applies to a Part 1 claim. Your home is damaged in a fire that is the result of bushfire.  We agree to pay the reasonable costs of rebuilding your home.  The cost of the removal of debris is $45,000.
    You require temporary accommodation for 6 months at $3,000 per month.

HOW MUCH WE PAY
                 Cost of rebuilding the home                            $300,000
                 Additional costs
                 Removal of debris                                      $45,000
                 Temporary accommodation for 6 months                   $18,000
                 Subtotal of additional costs                           $63,000
                 Total allowable additional costs (20% of sum insured)  $60,000
                 Total amount of claim                                  $360,000

EXAMPLE 2 – ACCIDENTAL DAMAGE
Your home suffers damage when a cricket ball to is hit into one of your home's stained glass windows.  We agree to replace the glass in the window.  The cost of replacement of the window is $6,500.  There is no excess applicable for a glass claim.

HOW MUCH WE PAY
                 Cost of replacing the window          $6,500
                 No excess applies to broken glass     Nil
                 Limit of cover for accidental damage  $5,000
                 Total amount of claim                 $5,000

EXAMPLE 3 – FUSION OF ELECTRICAL MOTORS
Your ducted air conditioner unit's motor is damaged due to fusion.  The fusion was not caused by an event.  You have had a service call that has determined the cause of the damage and seek