Document ID: chunk:federal_register_of_legislation:F2015L00299:reg:5:p3
Version: federal_register_of_legislation:F2015L00299
Segment Type: reg
Provision Reference: reg 5 (pt 3/7)
Character Range: 5965–8690

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, you agree to us using any of the legal rights you have against the third party to recover the amount of your claim. This means that we may pursue a claim in court in your name.
      *                   If we recover money from the third party who caused the loss or damage, we will keep an amount equal to the amount we paid you for the claim plus any administrative costs pursuant to the Insurance Contracts Act 1984.
      *                   You must cooperate with us to recover the amount of the claim.
      *                   We may take possession and ownership of the damaged property.

    Your excess

    The excess is the amount that you have to pay for each claim you make under the policy.  We will not make any payments under the policy until you have paid the excess.

    The excess that applies to your policy is stated in your certificate.

    For a claim under Part 2 Accidental loss or damage (excluding a claim for glass) an excess of $100 will apply.

    For a claim under Part 1 Loss or Damage to your home for earthquake an excess of $200 will apply.

    The excess is the same for every policy.

    More than one excess may apply to a claim.

       8              Page 12 – If the home is especially exposed to risk

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If the home is especially exposed to risk
In deciding whether to insure you or renew your insurance (and if so,
on what terms) we reserve the right to:
• increase your premium
• impose excess
• increase excess
• limit or refuse insurance we offer in this policy
• refuse to offer to renew your policy.
We will only exercise this right if we think that the home is especially
exposed to any of the risks we insure against in this policy.

    substitute:

    In deciding whether to insure you or renew your insurance (and if so, on what terms) we reserve the right to:

      *                   increase your premium
      *                   impose excess
      *                   increase excess
      *                   limit or refuse insurance we offer in this policy
      *                   refuse to offer to renew your policy.

    We will only exercise this right if we think that the home is especially exposed to any of the risks we insure against in this policy.

       9              Page 13 – Disputes

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Disputes
If you are unhappy with any aspect of our service or disagree with a
decision we have made, please discuss it with us. If you