30 Days Complimentary Insurance Terms and Conditions

INSURER

The insurer of this Interim Cover is Allianz Australia Insurance Limited (ABN 15 000 122 850) AFS Licence No. 234708 (We, Our, Us).

COMMENCEMENT AND EXPIRY OF INTERIM COVER

  1. Complimentary up to 30-day interim Home insurance cover (“Interim Cover”) is provided for the Insured Address from the Commencement Date set out in the Interim Cover Schedule that we provide you and subject to clause 2, ends at the earlier of:
    1. 30 days from the Commencement Date;
    2. The date You decide, or receive advice that settlement on the Purchased Property will not be proceeding; or
    3. The date You enter into a Replacement Policy with Us or another insurer
    4. The Settlement Date set out in the attached Interim Cover Schedule.
  2. If You apply for a Replacement Policy with Us during the period set out in Clause 1 and We decline to issue You with a Replacement Policy, or We do not make a decision whether to issue You with a Replacement Policy prior to this Interim Cover expiring in accordance with Clause 2, this Interim Cover will end on the earlier of:
    1. The date We cancel this Interim Cover – We will give You at least 3 business days’ notice of this cancellation. In addition to our cancellation rights set out in the Product Disclosure Statement (PDS) and any Supplementary PDS (SPDS), We can cancel the Interim Cover for any reason (acting reasonably) during the Interim Cover Period of Insurance;
    2. The date You enter into a Replacement Policy;
    3. The date You withdraw Your application for a Replacement Policy with Us; or
    4. The date You receive advice that settlement of the Purchased Property will not be proceeding.

LIMITATIONS AND CONDITIONS OF INTERIM UP TO 30 DAYS COVER

  1. The terms, conditions, limits and exclusions of this Interim Cover are set out in these Interim Cover Terms and Conditions, the provided Interim Cover Schedule and the Loan Market Insurance Home and Contents Insurance PDS and any SPDS that We give You as amended by these terms and conditions. To the extent that the terms of the PDS and any SPDS are inconsistent with these Interim Cover Terms and Conditions, the terms of these Interim Cover Terms and Conditions will apply.
  2. The PDS is amended to remove all reference to Accidental damage, Motor burnout and Portable contents options, which are not available or covered under this Interim Cover.
  3. For the purposes of this Interim Cover, unless amended by these terms, any words defined in the PDS and any SPDS have the same meaning in these terms and conditions.
  4. You should consider the PDS, any SPDS and these Interim Cover Terms and Conditions before deciding whether Interim Cover is right for You and whether to enter into an annual contract upon the expiration of Interim Cover. If You require another copy of the PDS and any SPDS it is available by calling Loan Market Concierge on 1800 142 020 or 1300 729 944.
  5. Interim Cover is only available if the Purchased Property is a residential property subject to an exchanged contract of sale at the Commencement Date, and is used whether occupied or not, for private residential purposes during the whole period of Interim Cover. It does not provide cover for landlords who are or are intending to let the property during the period of this Interim Cover.
  6. The Building Sum Insured, under the terms of the Buildings cover section of the PDS, is the amount equivalent to the cost of repairing or rebuilding the damaged part of Your buildings up to a maximum of $750,000.
  7. No Buildings or Contents cover is provided for strata, company or community titled properties, as this is usually the responsibility of the body corporate or similar.
  8. Contents cover is limited to loss or damage to fixed carpets, curtains or internal blinds, and the most We will pay for a claim under this cover is $10,000.
  9. The Commencement date must be before the Settlement Date of the Purchased Property.
  10. In the event of a claim under this Interim Cover, unless We tell You that an excess does not apply, if We pay Your claim You will always need to pay an excess of $1,000, (basic excess) plus any other excess specified as applicable under the PDS and any SPDS.
  11. The provision of this Interim Cover does not automatically confirm eligibility for a Replacement Policy with Us, which will be subject to application and underwriting criteria.

You are not covered for any other general Contents such as furniture, clothing and jewellery, or general contents with set limits of cover, Specified Contents cover or Portable Contents cover.

Important information

Concierge Group Holdings Pty Ltd (Concierge) ABN 95 105 230 046, AR 267687 trading as Loan Market Concierge and Loan Market Insurance arranges this insurance as an agent and authorised representative of Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850 AFS Licence No. 234708. The person/office providing you with this certificate acts on behalf of Loan Market Concierge/Insurance.

We do not provide advice on this insurance based on any consideration of your objectives, financial position or needs. Policy terms, conditions, limits, exclusions and underwriting criteria apply. Before making a decision, please consider the relevant PDS, the Interim Cover Terms and Conditions and any SPDS. available from loanmarketinsurance.com.au. A Target Market Determination applicable to a policy that replaces Interim Cover only is available by calling 1300 658 390. No commission is paid to Loan Market Concierge/Insurance for this Interim Cover. However, if you purchase other Allianz insurances through Loan Market Concierge/Insurance, including a policy to replace interim cover, it will receive a commission that is a percentage of the premium. Ask us for more details, including a copy of our Financial Services Guide (FSG), before we provide you with any services.

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