Insurance Policy Document - Home, Contents, Private Motor Vehicle and Pleasure Craft Insurance.

 
Insurance Policy
               Document.
                 Home, Contents, Private Motor Vehicle
                 and Pleasure Craft Insurance.

                 In the event of a claim call
                 0800 200 242
                 24 hours, 7 days a week.

                 ASB Insurance.

56510 1322 1013_NEW IAG Insurance Policy Doc.indd 2      10/12/13 11:42 AM
56510 1322 1013_NEW IAG Insurance Policy Doc.indd 3   10/12/13 11:42 AM
Important.
          This is your ASB Insurance Policy Document and Policy Schedule, which records details of your insurance. It has
          been arranged by ASB through IAG New Zealand Limited (IAG).
          Please read your Policy and Schedule carefully to ensure it meets your needs. If there is an error, please contact
          us immediately.
          This insurance has been arranged on the basis of the information provided by you. It is essential that all information
          is truthful and correct. If there is any information which we have not been given or any changes in circumstances
          during the Period of Insurance you must advise us.
          Failure to observe this condition may affect the outcome of any claim you make.
          This Policy Document and Policy Schedule explains
          •    who is insured
          •    what is insured
          •    when the insurance begins and ends
          •    the conditions of the insurance
          •    the amounts that can be claimed
          •    what is not insured.
          Please keep this Policy in a safe place; you will find it useful in the event of a claim.
          If you are not happy with this Insurance Policy, you can change your mind and cancel it, provided you tell us within
          15 days of the date your Insurance Policy started. We will cancel your Insurance Policy as if it had never existed and
          refund in full any premium you have paid.
          This does not apply if a claim has been made.

          The Insurance.
          IAG New Zealand Limited (‘we/us/our’) provides the Insured (‘you/your’) with insurance as set out in this
          Policy during the Period of Insurance shown in your Policy Schedule and any further period for which the Policy
          is renewed.
          This Policy insures only those Sections shown in your Policy Schedule. The maximum amount you can claim under
          any Section in respect of any one Happening (inclusive of fees and costs) is the current Sum Insured shown in the
          Policy Schedule for that Section or any Premium Advice or Anniversary notice.
          All amounts shown in this Policy and Schedule are in New Zealand dollars and include GST.

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Contents.
          02 Section 01: Home Insurance.

          09 Section 02: Contents Insurance.
          		                       Classic Contents.
          		                       Basic Contents.

          15     Section 03: Private Motor Vehicle Insurance.

          21     Section 04: Pleasure Craft Insurance.

          24 The Exclusions applicable to all Sections of this Policy.

          25 The Conditions applicable to all Sections of this Policy.

          27 Conditions of the Authority to accept Direct Debits.

    1

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Section 01: Home Insurance.
          1.     Your Home means:                                            Your Home does not include any of the following
                 (a)    the residential dwelling(s) that you own at the      unless it is shown in the Schedule as a Special
                        Situation shown in the Schedule including any        Feature with a corresponding Special Feature Sum
                        of the following used at all time solely for         Insured:
                        domestic use:                                        (a)   private utility plant and associated equipment
                        (i)    outbuildings within the residential                 including but not limited to wind or water mills
                               boundaries of the Situation on which the            or diesel generators,
                               residential dwelling(s) is situated. This     (b) cable car and its associated equipment,
                               includes any fixed domestic: garage,          (c)   bridge or culvert, permanent ford or dam,
                               carport, glasshouse, animal shelter,
                                                                             (d) wharf, pier, landing or jetty.
                        (ii)   fixtures and fittings permanently attached
                                                                             Your Home does not include any of the following:
                               to the residential dwelling(s) or its
                               outbuildings. This includes: kitchen stove,   (a)   any part of yours home that is used for
                               hob or range hood, any other home                   business or commercial purposes except
                               appliance that is permanently wired,                where;
                               permanently plumbed or permanently                  (i)    it is rented out as a residential property, or
                               built-in,                                           (ii)   it is used solely as a home office for
                        (iii) kitchen oven, permanently attached                          clerical purposes,
                              or not,                                        (b) any part of the Home that is built for or used
                        (iv) fitted floor coverings (including                   for farming or rural lifestyle purposes whether
                             glued, smooth edge or tacked carpet                 commercial or not, including but not limited to
                             and floating floors) of the residential             any shed storing animal feed, machinery or
                             dwelling(s) or its outbuildings                     produce, livestock handling yards or shelters,
                             included above,                                 (c)   any part of the Home being constructed,
                        (v)    driveway of permanent construction                  de-constructed or undergoing alterations and
                               that provides direct access to the                  not suitable for permanent residential use or
                               residential dwelling(s) or any outbuilding          occupation,
                               included above,                               (d) gravel or shingle, including a gravel or shingle:
                        (vi) patio, paths and paving of permanent                driveway, path, patio or paving,
                             construction, deck, steps, gate or fence,       (e)   loose floor covering including: mats, rugs
                             as long as they are on or within the                  or runners,
                             residential boundaries within which the         (f)   temporary structures,
                             residential dwelling(s) is situated,
                                                                             (g) fittings that are not permanently attached such
                        (vii) walls including garden and retaining walls,        as: curtains and blinds,
                        (viii) Recreational Features,                        (h) appliances that are not permanently wired,
                        (ix) public utility services supplying the               permanently plumbed or permanently built-in,
                             residential dwelling(s) and/ or any of its          other than a kitchen oven,
                             outbuildings included above, such as:           (i)   well or bore hole including its pump, lining or
                             power and telephone lines, data cables,               casing,
                             supply and waste water pipes,
                                                                             (j)   household goods and personal effects,
                        (x)    permanently sited water storage tank,
                                                                             (k)   live plant, including any: tree, shrub, hedge or
                               septic tank or heating oil tank and its
                                                                                   grass other than the insurance provided under
                               associated equipment (excluding
                                                                                   ‘Special benefits to Event A, 3. Landscaping’,
                               its contents),
                                                                             (l)   land, earth or fill,
                        (xi) solar power and solar water heating
                             systems.                                        (m) structures or property not at the Situation
                                                                                 shown in the Schedule.

          Home Insurance                                                                                                                     2

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2.     The Insured is the person (or persons) shown in the      Event C.
                 Schedule (‘you/your’).                                   Your legal liability as owner of your Home or its grounds
          3.     A Happening is any accident, loss, damage, injury or     (a)   for Accidental Loss to anyone else’s property
                 legal liability.
                                                                          (b) under Section 43 or 46 of the Forest and Rural Fires
          4.     Loss is physical loss or physical damage.                    Act 1977.
          5.     A Natural Disaster is an earthquake, natural landslip,
                 volcanic eruption, hydrothermal activity, tsunami or
                                                                          Special benefits to Event A.
                 natural disaster fire, as defined in the EQC Act.        These benefits are subject to the terms of this Policy,
                                                                          except where they are varied in the benefit. The amounts
          6.     A Recreational Feature is any tennis court and/or        shown in these benefits are included in the Total Sum
                 permanently fixed swimming pool and/or                   Insured unless expressly stated otherwise.
                 permanently fixed spa pool including its ancillary
                                                                          The Excess shown in the Schedule and loss of your
                 equipment and/or pump.
                                                                          Claim-Free Discount will not apply to the special benefits:
          7.     A Special Feature is any item that is listed in the      Stress Payment, Keys and Locks and Water or Sewage
                 Schedule with a corresponding Special Feature Sum        Pipe Blockage.
                 Insured.
                                                                          1.    Breakage extension.
          8.     A Special Feature Sum Insured is the Sum Insured               An excess of $250 applies to a claim which is solely
                 amount shown in the Schedule that corresponds                  for Accidental breakage of
                 with the Special Feature.
                                                                                (a)   glass in any:
          9.     The Home Sum Insured is the amount shown in the                      (i)    windows, or
                 Schedule of the same name inclusive of any                           (ii)   doors, or
                 increased limits.
                                                                                      (iii) screens,
          10.    The Total Sum Insured is the amount shown in the               of your Home, or
                 Schedule of the same name inclusive of the:
                                                                                (b) sinks, baths, wash basins, toilet bowls, shower
                 (a)     Home Sum Insured, which includes any                       cabinets, bidets, fixed glass lampshades,
                        retaining walls and Recreational Features, and              permanently fixed mirrors or glass in built-in
                 (b) any Special Feature Sums Insured, and                          furniture in your Home.
                 (c)    any Special benefits to Event A unless stated           Your Claim-Free Discount will not be reduced
                        otherwise within such benefits.                         following a claim under this special benefit.

          11.    EQC Act is the Earthquake Commission Act 1993 and        2.    Keys and locks.
                 any Act in substitution of that Act.                           If any of the keys to your Home are lost, stolen or
                                                                                believed on reasonable grounds to have been
          You are insured for                                                   duplicated without your permission we will pay up
          Event A.                                                              to $1,000 to replace those keys and to alter the locks
                                                                                they were for. This also includes the reasonable cost
          1.     Any sudden and Accidental Loss to your Home that
                                                                                of opening any safe following theft or loss of its key
                 occurs during the Period of Insurance.
                                                                                or combination.
          2.     Hidden gradual damage to your Home, consisting of
                 hidden rot, hidden mildew or hidden gradual              3.    Landscaping.
                 deterioration, caused by water leaking from any                We will pay the initial re-establishment costs for
                 internal tank, internal water pipe or internal waste           trees, shrubs and hedges, including the cost of
                 disposal pipe installed at your Home provided the              clearing the ground, up to a maximum of $2,000
                 damage occurred and was discovered while you                   for any Happening that occurs during the Period of
                 were personally living in this Home.                           Insurance. This amount is in addition to the Total
                                                                                Sum Insured.
          Event B.
          Loss of rent when your Home cannot be occupied                  4.    Natural disaster cover.
          because of Loss which is                                              This Section 01, Home Insurance Policy is extended
                                                                                to insure any sudden and Accidental Loss to your
          (a)    insured by Event A                                             Home that occurs during the Period of Insurance
          (b) caused by a Natural Disaster.                                     caused by a Natural Disaster subject to the following:

    3                                                                                                             Home Insurance

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Where EQC Cover applies.                                          (a)   a Natural Disaster, flood or storm has occurred
                 (a)    If that Loss is insured under the EQC Act, or                    in the vicinity of the Home causing widespread
                        would have been but for:                                         Loss and, as a direct result of this widespread
                                                                                         Loss, building costs have increased due to a
                        (i)    the application of an excess under the
                                                                                         statistically significant increase in demand in
                               EQC Act,
                                                                                         our opinion, and
                        (ii)   a failure by you to correctly notify a claim
                                                                                   (b) your Home has suffered sudden and
                               to the Earthquake Commission within the
                                                                                       Accidental Loss that is insured by this Policy
                               time required under the EQC Act,
                                                                                       and your claim in respect of that Loss is settled
                        (iii) a decision by the Earthquake Commission                  on the basis of an actual repair to or rebuild of
                              to decline a claim or limit its liability for            the Home, and
                              that Loss in whole or in part and for any
                                                                                   (c)   the actual cost to repair or rebuild the Home is
                              reason whatsoever,
                                                                                         higher than the Home Sum Insured, plus any
                        (iv) any act or omission on your part, the part                  Special Feature Sums Insured shown in the
                             of your agent, or the part of the EQC,                      Schedule due solely to the increase in building
                 and the cost to repair or rebuild the part of your                      costs described in paragraph (a) above.
                 Home that suffered the Loss exceeds your                          The most we will pay, in total, for all increases in
                 maximum entitlement available (or that would have                 insurance is the amount calculated by applying the
                 been available but for the reasons in (a) (i) to (iv)             percentage of the statistically significant increase in
                 above), for that Loss under the EQC Act (plus the                 demand to:
                 excess under the Act), we will pay the difference
                                                                                   (a)   the Home Sum Insured shown on the
                 between that maximum entitlement (plus that
                                                                                         Schedule, and
                 excess) and the cost to repair or rebuild the part of
                 your Home that suffered the Loss.                                 (b) the Special Feature Sums Insured, where a
                                                                                       Special Feature is shown in the Schedule,
                 (b) The most we will pay under this benefit is the
                     difference between that maximum entitlement                   up to a maximum of 10% more than those sums
                     (plus the excess under the EQC Act) and the                   insured.
                     Total Sum Insured.                                            For example:
                                                                                   An earthquake causes damage to a large
                 Where no EQC Cover applies.
                                                                                   number of homes in your town and substantially
                 (c)    Where your claim for Loss to your Home under               damaged your home. As a result of all of the homes
                        this benefit is for, or includes, any part of the          needing to be repaired/rebuilt, the cost of building
                        Home that is not insured under the EQC Act,                materials and labour increases sharply. If your total
                        then the Excess will be the higher of:                     sum insured of $300,000 is no longer adequate
                        (i)    $5,000, and                                         because of the increased costs, we may pay up to
                        (ii)   the Excess otherwise applicable to the              $330,000 to rebuild or repair your home.
                               claim under this Policy.
                                                                              6.   Stress payment.
                 Some examples of parts of the home not insured
                                                                                   If, in our opinion, it is uneconomic to repair the Loss
                 under the Earthquake Commission Act 1993 are:
                                                                                   to your Home, we will pay you $1,000 for the stress
                 • gate or fence,                                                  caused by the Loss. This is paid in addition to the
                 • driveway,                                                       Total Sum Insured.
                 • patio, path, paving, tennis court or other artificial
                                                                              7.   Water or sewage pipe blockage.
                   surface,
                                                                                   If any of the underground water or sewage pipes
                 • swimming pool or spa pool which is not an integral
                                                                                   within the boundary of your section at the Situation
                   part of the building.
                                                                                   shown in the Schedule become blocked then we will
          5.     Post-Event inflation protection.                                  pay up to $125 towards the cost of clearing the
                 We may, at our sole discretion, increase the                      blockage.
                 insurance available under this Section 01, Home                   The maximum amount we will pay for all blockages
                 Insurance if:                                                     happening in any one Period of Insurance is $125.

          Home Insurance                                                                                                                        4

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The amounts we will pay.                                               (b) pay you the estimated reasonable cost to
                                                                                     repair the part of the Home that suffered
          Event A.                                                                   the Loss.
          1.     The most we will pay.                                      3.   If your home is uneconomic to repair.
                 Home Sum Insured.                                               (a)   If, in our opinion, it is uneconomic to repair the
                                                                                       Loss to your Home, you may choose one of the
                 (a)    The most we will pay for Loss to the Home
                                                                                       following:
                        (exclusive of Special Features) for any
                        Happening that occurs during the Period of                     (i)    Rebuild on the same site: We will pay the
                        Insurance is the Home Sum Insured. This                               reasonable cost incurred to rebuild the
                        includes:                                                             part of your Home that suffered the Loss
                                                                                              to an equivalent size and specification on
                        (i)    Compliance Costs,
                                                                                              its original site; or
                        (ii)   Professional and Other Fees,
                                                                                       (ii)   Rebuild on another site: We will pay the
                        (iii) Demolition and Removal Costs,                                   reasonable cost incurred to rebuild the
                        (iv) all Special benefits to Event A unless                           part of your Home that suffered the Loss
                             stated otherwise.                                                to an equivalent size and specification on
                 (b) However, within the Home Sum Insured, the                                another site that you provide anywhere
                     most we will pay in total for any Happening                              in New Zealand. The cost must not be
                     that occurs during the Period of Insurance for                           greater than the reasonable cost of
                     Loss to:                                                                 rebuilding the part of your Home that
                        (i)    all retaining walls is $20,000, and                            suffered the Loss on its original site less
                                                                                              Demolition and Removal Costs
                        (ii)   all Recreational Features is $40,000,
                                                                                              incurred; or
                        unless an increased limit is shown on the
                                                                                       (iii) Buy another home: We will pay the
                        Schedule, in which case that increased limit
                                                                                             reasonable cost incurred to buy another
                        is the most we will pay for the respective
                                                                                             home anywhere in New Zealand, including
                        property.
                                                                                             reasonable and necessary legal and
                 Special Feature Sum Insured.                                                associated fees. However, we will not pay
                                                                                             more than the estimated reasonable cost
                 (c)    The most we will pay for any Loss to any
                                                                                             that would have been payable if the part
                        Special Feature for any Happening that occurs
                                                                                             of the Home that suffered the Loss had
                        during the Period of Insurance is its Special
                                                                                             been rebuilt within a reasonable
                        Feature Sum Insured. This includes:
                                                                                             timeframe on the original site less
                        (i)    Compliance Costs,                                             Demolition and Removal Costs incurred.
                        (ii)   Professional and Other Fees,                                  Compliance Costs, Professional and Other
                        (iii) Demolition and Removal Costs.                                  Fees are not included in the estimated
                                                                                             rebuilding costs as these are only incurred
                 Total Sum Insured.                                                          when rebuilding occurs; or
                 (d) The most we will pay for Loss under Section 01,                   (iv) Accept a cash payment with our consent:
                     Home Insurance, Event A in total for any                               At our sole discretion, we will pay you the
                     Happening that occurs during the Period of                             estimated reasonable cost to rebuild the
                     Insurance is the Total Sum Insured. This                               part of your Home that suffered the Loss
                     includes the:                                                          less Demolition and Removal Costs
                        (i)    Home Sum Insured,                                            incurred. Compliance Costs, Professional
                        (ii)   any Special Feature Sums Insured,                            and Other Fees are not included in the
                        (iii) all Special benefits to Event A unless                        estimated rebuilding cost as these are
                              stated otherwise.                                             only incurred when rebuilding occurs.
                                                                                 (b) If, in our opinion, it is uneconomic to repair the
          2.     If your home is economic to repair.                                 Loss to your Home, and you sell your Home
                 If, in our opinion, it is economic to repair the Loss to            before the rebuilding begins the most we will
                 your Home, we may choose to:                                        pay is the lesser of:
                 (a)    pay the reasonable cost to repair the part of                  (i)    the Total Sum Insured, and
                        your Home that suffered the Loss, or

    5                                                                                                                Home Insurance

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(ii)   the difference between the market value             (b) These costs must be necessary to repair or
                               of your Home immediately before and                     rebuild the part of the Home that has suffered
                               immediately after the Loss, plus                        Loss and approved by us before they are
                               Demolition and Removal Costs we                         incurred.
                               determine are necessary,                            (c)   These costs are not payable when you buy
                 less any costs insured by this Policy which have                        another home or accept a cash payment as
                 been met by us up to the date on which the sale                         settlement of your claim, as described in (a) (iii)
                 settles.                                                                or (iv) of ‘3. If your home is uneconomic to
                                                                                         repair’ above.
          4.     Settlement of your loss.
                 The following are subject to the provisions outlined              Demolition and Removal costs.
                 above in ‘The amount we will pay – The most we will               (a)   If we accept a claim for Loss to your Home, we
                 pay’.                                                                   will also pay the reasonable costs of:
                                                                                         (i)    the demolition of the part of your Home
                 Standard of repair or rebuild.
                                                                                                that suffered the Loss, and the removal of
                 We will pay the reasonable costs to repair or rebuild                          debris associated with that and necessary
                 the part of the Home that suffered the Loss to a                               to effect the repair or rebuild of that Loss,
                 condition as similar as possible to when it was new,                           and
                 using current industry accepted building materials
                                                                                         (ii)   removing your household contents when
                 and construction methods, but excluding additional
                                                                                                this is required to enable your Home to
                 materials, work and expense required solely to
                                                                                                be repaired or rebuilt, but not the cost of
                 comply with Government or local authority bylaws
                                                                                                storing them or returning them to the
                 and regulations.
                                                                                                Home.
                 Compliance Costs.                                                 (b) These costs must be necessary and approved
                 (a)    If we are paying to repair or rebuild your Home,               by us before they are incurred.
                        we will also include the reasonable costs of               (c)   If we pay to demolish any part of the Home this
                        additional materials, work and expense                           gives us the choice to take the debris and
                        required solely to comply with Government or                     dispose of it as we see fit and retain any
                        local authority bylaws and regulations. We will                  salvage obtained.
                        only pay these costs of compliance:
                                                                                   Costs not covered.
                        (i)    if the Home complied with all
                               requirements that existed at the time it            We will not pay for any costs that are incurred for:
                               was originally built and at the time of any         (a)   any part of the Home that has not suffered
                               alteration, and                                           Loss unless this is necessary to repair or
                        (ii)   for the part of the Home that has suffered                rebuild the Loss insured, or
                               Loss insured by this Policy.                        (b) stabilising, supporting or restoring land, earth,
                 (b) We will not pay any costs of compliance if                        or fill, or
                     notice of non-compliance had already been                     (c)   anyone you engage to prepare, advise on, or
                     served before the Loss occurred.                                    negotiate a claim made under your Home
                 (c)    These costs are not payable when you buy                         Policy.
                        another home or accept a cash payment as                   We will not pay these costs. You will have to
                        settlement of your claim, as described in (a) (iii)        meet these.
                        or (iv) of ‘3. If your home is uneconomic to
                        repair’ above.                                        5.   Hidden gradual damage.
                                                                                   The maximum amount we will pay for hidden
                 Professional and Other Fees.                                      gradual damage is $5,000 in any one Period of
                 (a)    If we are paying to repair or rebuild the part of          Insurance.
                        your Home that suffered the Loss, we will also
                        include the reasonable costs of:
                        (i)    design, engineer’s, surveyor’s and building
                               consultant’s fees, and
                        (ii)   consents and associated legal fees.

          Home Insurance                                                                                                                          6

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Event B.                                                      6.    The breakdown, failure or wearing out of any
          1.     If you do not occupy your Home you can claim the             mechanical or electrical equipment, or any part
                 amount of rent you have lost during the time                 thereof unless burning out occurs as a result of an
                 needed to restore your Home.                                 accidental and external force.

          2.     If you do occupy your Home you can claim the           7.    Loss or damage to fuses, protective devices or
                 amount of rent you would have lost during the time           lighting or heating elements caused by electricity.
                 needed to restore your Home had it been occupied       8.    Any liability or loss of or damage to electronic data
                 by a tenant.                                                 from any cause whatsoever including, but not
          3.     The maximum amount you can claim is $12,500 for              limited to, a computer virus. This includes loss of
                 each residential dwelling shown on the Schedule as           use, reduction in functionality or any other
                 insured by Section 01, Home Insurance.                       associated loss or expense in connection with
                                                                              electronic data. However this exclusion does not
          Event C.                                                            apply to physical damage to other insured property
          We will pay up to $1,000,000 for any one Happening                  that results from that loss of or damage to
          inclusive of all costs charged to you with our approval or          electronic data, and which is not otherwise excluded.
          awarded against you by a Court.                                     Electronic data means facts, concepts and
                                                                              information converted to a form usable for
          The amounts you will pay.                                           communications, interpretation or processing by
          The amount of the Excess shown in the Schedule in                   electronic and electromechanical data processing
          respect of each Happening will be deducted from every               or electronically controlled equipment. It includes
          claim, unless stated otherwise under ‘Special benefits to           programs, software and other coded instructions
          Event A’.                                                           for the processing and manipulation of data or the
          If there is a Happening that involves more than one                 direction and manipulation of such equipment.
          section and each section has a standard excess, we will             Computer virus means a set of corrupting, harmful
          waive the lowest excess that would otherwise apply. This            or otherwise unauthorised instructions or code,
          does not apply if any section has a voluntary excess (a             including a set of maliciously introduced
          higher excess you selected) or an imposed excess (an                unauthorised instructions or code, programmatic or
          increased excess we applied to your Policy which replaces           otherwise, which propagate themselves through a
          the standard excess).                                               computer system or network of whatsoever nature.
          The Excess is deducted after any Policy limits have been            This includes but is not limited to ‘Trojan Horses’,
          applied.                                                            ‘Worms’ and ‘Time or Logic Bombs’.
                                                                        9.    Loss, expense or liability connected in any way with
          You are not insured for.
                                                                              subsidence or erosion.
          Event A.
                                                                        10.   Loss, expense or liability connected in any way with
          1.     Wear and tear, depreciation, corrosion, rust, rot,           settling, warping or cracking caused by earth or
                 mildew or gradual deterioration (other than Hidden           other movements. This does not apply to any Loss
                 gradual damage as set out in ‘You are insured for’           insured by the ‘Special benefits and Natural disaster
                 Event A, 2, on page 3).                                      cover’.
          2.     Gradual damage to swimming or spa pools, decks,        11.   Breakage of glass or other fragile material which is
                 gates, fences, walls in the grounds of your Home,            not securely fixed or which is already in a damaged
                 paths, drives, trees, shrubs and hedges.                     or imperfect condition.
          3.     Loss or damage, cost or expense arising from any       12.   Any floor covering which is not in the room or
                 fault, defect, error or omission in:                         rooms where the Loss happened.
                 (a)    design, plan, or specification, and/ or
                                                                        13.   Loss to the Home caused by Natural disaster other
                 (b) workmanship, construction or materials.                  than the insurance provided under the ‘Special
          4.     Intentional acts by anyone living in your Home. This         benefits and Natural disaster cover’.
                 does not apply to Loss caused by fire or explosion     14.   Loss caused by hydrostatic pressure to swimming
                 unless caused by you or your husband or wife, or             pools and/or spa pools. This only applies to the
                 person with whom you are living within the nature            property directly affected. It does not apply to any
                 of a marriage.                                               resultant sudden and Accidental Loss to other parts
          5.     Theft by anyone living in your Home.                         of the Home.

    7                                                                                                          Home Insurance

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15.    Any kind of consequential loss other than as              Vacant homes.
                 specifically provided for under Section 01, Home          5.   This Section 01, Home Insurance is automatically
                 Insurance, Event B.                                            suspended if you or a person authorised by you has
                                                                                not been living at the Home for a period of more
          Event C.
                                                                                than 60 consecutive days.
          1.     Liability for Loss to property belonging to members
                                                                                This Section 01, Home Insurance will automatically
                 of your family who are living with you.
                                                                                start again as soon as you, or a person authorised
          2.     Liability arising from any business, trade or                  by you, is living in the Home again.
                 profession.                                                    However, this Section 01, Home Insurance may be
          3.     Liability created by a contract or agreement (except           continued, if one of the following applies:
                 where you would of been liable even without a                  (a)   You tell us that no one will be living at the
                 contract or agreement).                                              Home and we agree that insurance will
                                                                                      continue. We may, at this time, change the
          4.     Liability arising from the ownership or use of any                   terms of the Policy.
                 motor vehicle (other than an electric wheelchair,
                                                                                (b) We have the Home recorded as a holiday
                 domestic garden appliance or golf cart), motor
                                                                                    home, and the following criteria are met:
                 cycle, motor scooter, trailer, caravan, watercraft,
                 aircraft or other aerial device.                                     (i)    the Home is inspected inside and outside
                                                                                             by you or a nominated person at least
          5.     Liability arising if you have not complied with all the                     every 60 days, and
                 requirements of the Forest and Rural Fires Act 1977.
                                                                                      (ii)   the Home and its grounds are adequately
          Special Conditions of Home Insurance.                                              maintained, and
                                                                                      (iii) mail is cleared regularly, and
          Burglar alarm system.
                                                                                      (iv) the water supply is turned off, and
          1.     Where an alarm system has been professionally
                                                                                      (v)    all doors are locked, and all windows
                 installed and we give you a burglar alarm discount
                                                                                             secured.
                 then it must be
                 (a)    tested regularly,
                 (b) maintained in good working order,
                 (c)    set when your Home is unattended.

          Changes to your Home.
          2.     You must tell us if you make any structural
                 alterations or structural additions to your Home.

          Insurance during sale and purchase.
          3.     Where a Loss occurs after you have entered into
                 a contract to sell the Home, the purchaser is
                 covered by this Policy for that Loss up until the final
                 settlement, or until they take possession of the
                 Home, which ever happens first, as long as:
                 (a)    they meet all the same Conditions of this Policy
                        that you must meet, and
                 (b) they have not otherwise insured the Home at
                     the time of the loss.

          Tenanted homes.
          4.     You must tell us if there are any tenants living in
                 your Home.

          Home Insurance                                                                                                                       8

56510 1322 1013_NEW IAG Insurance Policy Doc.indd 8                                                                                   10/12/13 11:42 AM
Section 02: Contents Insurance.
          Classic Contents.
          Definitions.                                                            wife or person with whom you are living in the nature
                                                                                  of a marriage. This also includes any family member
          1.     Your Contents include:                                           who permanently lives with you in your Home, or
                 (a)    any of the following that you own or hire (as             who is a student attending an educational institution
                        long as you’re legally liable under the hire              and lives in a hostel run by or for that institution.
                        agreement):
                                                                            3.    Your Home is the buildings and grounds at the
                        (i) household goods and personal effects,
                                                                                  Situation shown in the Schedule. Your Home does
                        (ii) carpets and floor coverings that are not             not include any land or earth or fill.
                              glued to the floor,
                        (iii) any surfboard, windsurfer, surf-ski, kayak,   4.    A Happening is any accident, loss, damage, Injury or
                              dinghy or canoe (including their parts and          legal liability.
                              accessories in them or attached to them),
                                                                            You are insured for.
                        (iv) electric wheelchairs, mobility scooters,
                              domestic garden appliances, golf carts,       Event A.
                              and children’s motorbikes less than 50cc      1.    Accidental and sudden loss of or damage to your
                              and used only off road (including their             Contents while they are at your Home or while they
                              parts and accessories),                             are temporarily anywhere else in New Zealand.
                        (v) portable swimming pools and portable
                              spa pools,                                    2.    Gradual Damage to your Contents, consisting of
                        (vi) parts or accessories of:                             hidden rot, hidden mildew or hidden gradual
                                                                                  deterioration, caused by water leaking from any
                              • any watercraft, and
                                                                                  internal tank, internal water pipe or internal waste
                               • motor vehicles, motorcycles, motor               disposal pipe installed at your Home provided the
                                 scooters, trailers and caravans, and             damage occurred and was discovered while you
                               • aircraft and other aerial devices,               were personally living in this home.
                        that are not in them or attached to them, and       Event B.
                 (b) wedding or Christmas presents for other people         Reasonable additional living expenses if it is necessary
                     being kept at your Home, and                           for you to live somewhere else because of
                 (c)    contents owned by any of your children              (a)   Accidental and sudden loss or damage to your
                        that are left with you while they live outside            Home.
                        New Zealand.
                                                                            (b) Gradual Damage (as set out in ‘You are insured for’
                 Your Contents does not include:                                Event A, 2) to your Home or to your Contents.
                 (a) items used at any time for earning income,             Event C.
                     except for cover detailed under ‘The amounts
                     we will pay’, Event A, 3(d) on page 10, or             Your legal liability
                 (b) livestock, domestic pets and other creatures, or       (a)   for accidental loss of or damage to anyone else’s
                                                                                  property anywhere in New Zealand.
                 (c) motor vehicles, motor cycles, motor scooters,
                     trailers and caravans and their parts or               (b) under Section 43 or 46 of the Forest and Rural Fires
                     accessories that are in them or attached to                Act 1977.
                     them, or                                               This Event also insures other members of your family who
                 (d) aircraft and other aerial devices and their parts      are living with you.
                     or accessories that are in them or attached to         Event D.
                     them, or
                                                                            Fatal injury at your Home by fire, burglars or thieves to
                 (e) carpets and floor coverings that are glued to          you, your husband or wife, or a person with whom you are
                     the floor.                                             living with in the nature of a marriage.
          2.     The Insured is the person (or persons) shown in the
                 Schedule (‘you/your’). This includes your husband or

    9                                                                                                  Classic Contents Insurance

56510 1322 1013_NEW IAG Insurance Policy Doc.indd 9                                                                                      10/12/13 11:42 AM
Special benefits to Event A.                                          (b) when a Specified Sum Insured is not shown in
          The Excess shown in the Schedule and loss of your                         the Schedule, is
          Claim-Free Discount will not apply to these Special                         (i)    $2,500 for any bicycle, camera
          benefits.                                                                          (film, digital or video) or camcorder;
                                                                                      (ii)   $3,000 for any item of jewellery or watch,
          1.     Stress payment.
                                                                                             up to a maximum of $15,000 for multiple
                 If we settle a claim under Event A as a total loss then                     items;
                 an extra $1,000 will be paid to you for the stress
                                                                                      (iii) $10,000 for any ornament, painting,
                 caused by the loss.
                                                                                            picture or work of art;
          2.     Keys and locks.                                                      (iv) $2,500 for any collection;
                 If any of the keys to your Home are lost, stolen or                  (v)    $3,000 for any surfboard, windsurfer,
                 believed on reasonable grounds to have been                                 surf-ski, kayak, dinghy or canoe (including
                 duplicated without your permission we will pay up to                        their parts and accessories) or any parts
                 $1,000 to replace those keys and to alter the locks                         or accessories of any watercraft;
                 they were for. Cover also includes the reasonable
                                                                                      (vi) $300 in total for bullion, unset precious
                 cost of opening any safe following theft or loss of its
                                                                                           stones, credit cards, money and stamps
                 key or combination.
                                                                                           not being part of a collection and
          3.	Spectacles, contact lenses, dentures and                                     certificates or documents which can be
              hearing aids.                                                                redeemed for cash;
                 If you are aged 55 years or over and we settle a               (c)   $1,000 in total for any spare parts, accessories
                 claim solely for the loss or damage to spectacles,                   or associated equipment, which belong to but
                 contact lenses, dentures or hearing aids neither the                 are not in or attached to any motor vehicle
                 Excess shown in the Schedule nor any depreciation                    (other than a domestic garden appliance),
                 for wear and tear will be made to the first claim                    motor cycle, trailer, caravan, aircraft or other
                 payable during any Period of Insurance.                              aerial device.
                                                                                (d) $1,000 in total for contents used in any
          The amounts we will pay.                                                  business.
          Event A.                                                              (e)   for Gradual Damage is $5,000 in any one
          1.     For any item not listed in 2 below which is replaced                 Period of Insurance.
                 or repaired we will pay                                   4.   The maximum amount we will pay for all loss or
                 (a)    the repair cost, where the item is damaged and          damage caused by any one Happening is the
                        capable of being economically repaired.                 current Sum Insured.
                 (b) to replace the item as nearly as possible equal
                     to its condition when new, where the item is          Event B.
                     lost, destroyed or cannot be repaired.                1.   Reasonable additional living expenses for the time
                                                                                that it would normally take to make your Home fit
          2.     For any item listed below, we will pay the amount of           to be lived in again.
                 the loss or damage or the cost to repair the item as
                                                                           2.   The maximum amount we will pay is $12,500.
                 nearly as possible to the same condition it was in
                 immediately before the loss or damage happened:           Event C.
                 •     bicycles;
                                                                           We will pay up to $1,000,000 for any one Happening as
                 •     books;                                              well as all costs charged to you with our approval or
                 •     clothing or footwear;                               awarded against you by a Court.
                 •     compact discs, records, audio tapes, video
                       tapes or video games;                               Event D.
                 •     computer software and related media;                We will pay $5,000 for your death and $5,000 for the
                 •     sporting or camping equipment;                      death of your husband or wife or person with whom you
                 •     household linen;                                    are living with in the nature of a marriage.
                 •     items which you choose not to restore or
                       replace.                                            The amounts you will pay.
                                                                           The amount of the Excess shown in the Schedule
          3.     The maximum amount we will pay                            in respect of each Happening will be deducted from
                 (a)    when a Specified Sum Insured is shown in the       every claim.
                        Schedule is that Specified Sum Insured.

          Classic Contents Insurance                                                                                                          10

56510 1322 1013_NEW IAG Insurance Policy Doc.indd 10                                                                                  10/12/13 11:42 AM
If there is a Happening that involves more than one            3.	Liability created by a contract or agreement (except
          section and each section has a standard excess, we will            where you would of been liable even without a
          waive the lowest excess that would otherwise apply.                contract or agreement).
          This does not apply if any section has a voluntary excess      4.   Liability arising from the ownership or use of any
          (a higher excess you selected) or an imposed excess (an
                                                                              (a) 	motor vehicle (other than an electric
          increased excess we applied to your Policy which replaces
                                                                                    wheelchair, domestic garden appliance or golf
          the standard excess).
                                                                                    cart), motor cycle, motor scooter, trailer,
                                                                                    caravan, aircraft or other aerial device.
          You are not insured for.
                                                                              (b) water craft (other than a surfboard, windsurfer,
          Event A.                                                                surf-ski, kayak, dinghy or canoe).
          1.     Wear and tear, depreciation, corrosion, rust, rot,      5.   Liability arising if you have not complied with all the
                 mildew, gradual deterioration, scratching, chipping,         requirements of the Forest and Rural Fires Act 1977.
                 denting, shrinking or colour changes (other than
                 Gradual Damage as set out in ‘You are insured for’      Events A, B, C and D.
                 Event A, 2).                                            1.   Loss, damage or expenses arising from subsidence
          2.     Faulty design, manufacture or assembly.                      or erosion.

          3.     Malicious damage or vandalism by anyone living in       Special conditions of Classic Contents
                 your Home, but this does not apply to damage            Insurance.
                 caused by fire or explosion unless caused by you.
                                                                         Vacant homes.
          4.     Theft by anyone living in your Home.
                                                                         1.   You must tell us if there will be no one living at your
          5.     The breakdown, failure or wearing out of any part            Home for a period of more than 60 days at a time.
                 of any mechanical or electrical equipment unless
                                                                         Inflation protection.
                 burning out occurs.
                                                                         2.   The Sum Insured (less the value of all Specified
          6.     Damage caused by electricity to fuses, protective            items) will be automatically adjusted every year to
                 devices or lighting or heating elements.                     reflect the movement in the Consumer Price Index
          7.     Damage caused by power cuts made by an                       for selected household goods and personal effects.
                 electricity supply authority.
                                                                         Burglar alarm system.
          8.     Any carpet or floor covering which is not in the room   3.   Where an alarm system has been professionally
                 or rooms where the loss or damage happened.                  installed and we give you a burglar alarm discount
          9.     Loss of or damage to Contents which are being or             then it must be
                 which have been permanently shifted away from the            (a)   tested regularly;
                 Situation shown in the Schedule.                             (b) maintained in good working order;
          10.    Loss or damage covered by the Injury Prevention,             (c)   set when your Home is unattended.
                 Rehabilitation & Compensation Act 2001 or any
                                                                         Items of jewellery specified in the Schedule.
                 subsequent amendment or Act.
                                                                         4.   For any item of jewellery in the Schedule to be
          11.    Loss or damage which is covered by the Earthquake            covered for loss or damage caused by faulty or loose
                 Commission Act or which would have been covered              clasps or settings, you must have a practising
                 but for                                                      jeweller
                 (a)    the deduction of an excess                            (a)   check the item of jewellery every 12 months,
                 (b) the Earthquake Commission exercising its                       and
                     power to decline a claim for that loss or                (b) carry out all necessary repair work before the
                     damage.                                                      loss or damage happened.
          Event B.
                                                                         Tenanted homes.
          1.     Expenses which you can claim under any other
                                                                         5.   You must tell us if there are any tenants living in your
                 Section or any other policy.
                                                                              Home.
          Event C.
                                                                         Automatic reinstatement.
          1.     Liability for loss of or damage to property belonging
                                                                         6.   Once your Contents are restored or replaced
                 to members of your family who are living with you.
                                                                              following loss or damage, we will automatically give
          2.     Liability arising from any business, trade or                you free reinstatement of the Sum Insured.
                 profession.

    11                                                                                              Classic Contents Insurance

56510 1322 1013_NEW IAG Insurance Policy Doc.indd 11                                                                               10/12/13 11:42 AM
Basic Contents.
          Definitions.                                                            or wife or person with whom you are living in the
                                                                                  nature of a marriage. This also includes any family
          1.     Your Contents include:                                           member who permanently lives with you in your
                 (a)    any of the following that you own or hire (as             Home, or who is a student attending an educational
                        long as you’re legally liable under the hire              institution and lives in a hostel run by or for that
                        agreement):                                               institution.
                        (i)    household goods and personal effects,
                                                                            3.    Your Home is the buildings and grounds at the
                        (ii)   carpets and floor coverings that are not           Situation shown in the Schedule. Your Home does
                               glued to the floor,                                not include any land or earth or fill.
                        (iii) any surfboard, windsurfer, surf-ski, kayak,
                                                                            4.    A Happening is any accident, loss, damage, Injury or
                              dinghy or canoe (including their parts and
                                                                                  legal liability.
                              accessories in them or attached to them),
                        (iv) electric wheelchairs, mobility scooters,       You are insured for.
                             domestic garden appliances, golf carts,
                             and children’s motorbikes less than 50cc       Event A.
                             and used only off road (including their        Accidental and sudden loss of or damage to your
                             parts and accessories),                        Contents while they are at your Home or while they are
                        (v)    portable swimming pools and portable         temporarily anywhere else in New Zealand.
                               spa pools,                                   Event B.
                        (vi) parts or accessories of:                       Your reasonable additional living expenses, if it is
                               •	any watercraft, and                       necessary for you to live somewhere else because
                               • motor vehicles, motor cycles, motor        of accidental and sudden loss of or damage to your
                                 scooters, trailers and caravans, and       Home.
                               • aircraft and other aerial devices,         Event C.
                               that are not in them or attached to          Your legal liability:
                               them, and
                                                                            (a)   for accidental loss of or damage to anyone else’s
                 (b) wedding or Christmas presents for other
                                                                                  property anywhere in New Zealand,
                     people being kept at your Home, and
                 (c)    contents owned by any of your children that         (b) under Section 43 or 46 of the Forest and Rural Fires
                        are left with you while they live outside               Act 1977.
                        New Zealand.
                                                                            The amounts we will pay.
                 Your Contents does not include:
                                                                            Event A.
                 (a)    items used at any time for earning income,
                        except for cover detailed under ‘The amounts        1.    For:
                        we will pay’, Event A 3(d) on page 13, or                 (a)    Desktop computers and laptops (including their
                 (b) livestock, domestic pets and other creatures,                       parts and accessories) under 3 years of age,
                     or                                                                  and

                 (c)    motor vehicles, motorcycles, motor scooters,              (b) The following items under 5 years of age:
                        trailers and caravans and their parts or                      (i) furniture,
                        accessories that are in them or attached to                   (ii) furnishings,
                        them, or                                                      (iii) home appliances,
                 (d) aircraft and other aerial devices and their parts                (iv) stereos,
                     or accessories that are in them or attached to                   (v) TVs,
                     them, or
                                                                                  that are repaired or replaced, we will pay either:
                 (e)    carpets and floor coverings that are glued to
                        the floor.                                                (a)    the repair cost, where the item is damaged and
                                                                                         capable of being economically repaired, or
          2.     The Insured is the person (or persons) shown in the
                 Schedule (‘you/your’). This includes your husband

          Basic Contents Insurance                                                                                                             12

56510 1322 1013_NEW IAG Insurance Policy Doc.indd 12                                                                                   10/12/13 11:42 AM
(b) to replace the item as nearly as possible equal         The amounts you will pay.
                     to its condition when new, where the item is            The amount of the Excess shown in the Schedule in
                     lost, destroyed or cannot be repaired.                  respect of each Happening will be deducted from every
                                                                             claim.
          2.     For all other contents we will pay the amount of the
                 loss or damage or the cost to repair the item as            If there is a Happening that involves more than one
                 nearly as possible to the same condition it was in          section and each section has a standard excess, we will
                 immediately before the loss or damage happened.             waive the lowest excess that would otherwise apply. This
                 This includes any portable digital audio player or          does not apply if any section has a voluntary excess (a
                                                                             higher excess you selected) or an imposed excess (an
                 handheld gaming console.
                                                                             increased excess we applied to your Policy which
          3.     The maximum amount we will pay:                             replaces the standard excess).
                 (a)    when a Specified Sum Insured is shown in the
                                                                             You are not insured for.
                        Schedule is that Specified Sum Insured.
                 (b) when a Specified Sum Insured is not shown in            Event A
                     the Schedule, is:                                       1.    Wear and tear, depreciation, corrosion, rust, rot,
                        (i)    $1,000 for any bicycle, watch, camera               mildew, gradual deterioration, scratching, chipping,
                               (film, digital or video), camcorder or item         denting, shrinking or colour changes.
                               of jewellery;                                 2.    Faulty design, manufacture or assembly.
                        (ii)   $1,000 for any ornament, painting,            3.    Malicious damage or vandalism by anyone living in
                               picture or work of art;                             your Home. This does not apply to damage caused
                        (iii) $1,000 for any collection;                           by fire or explosion unless caused by you.
                        (iv) $1,000 for any surfboard, windsurfer, surf-     4.    Theft by anyone living in your Home.
                             ski, kayak, dinghy or canoe (including their
                             parts and accessories);                         5.    The breakdown, failure or wearing out of any part of
                                                                                   any mechanical or electrical equipment unless
                        (v)    $125 in total for bullion, unset precious           burning out occurs.
                               stones, credit cards, money and stamps
                               not being part of a collection and            6.    Damage caused by electricity to fuses, protective
                               certificates or documents which can be              devices or lighting or heating elements.
                               redeemed for cash.                            7.    Damage caused by power cuts made by an
                 (c)    is $1,000 in total for any spare parts,                    electricity supply authority.
                        accessories or associated equipment, which
                                                                             8.    Any carpet or floor covering that is not in the room
                        belong to but are not in or attached to any
                                                                                   or rooms where the loss or damage happened.
                        motor vehicle (other than a domestic garden
                        appliance), motorcycle, trailer, caravan,            9.    Loss of or damage to Contents that are being, or
                        watercraft, aircraft, or other aerial device.              that have been, permanently shifted away from the
                 (d) is $1,000 in total for contents used in any                   Situation shown in the Schedule.
                     business.                                               10.   Loss or damage covered by the Injury Prevention,
                                                                                   Rehabilitation & Compensation Act 2001 or any
          4.     The maximum amount we will pay for all loss or
                                                                                   subsequent amendment or Act.
                 damage caused by any one Happening is the
                 current Sum Insured.                                        11.   Loss or damage which is covered by the Earthquake
                                                                                   Commission Act or which would have been covered
          Event B.
                                                                                   but for:
          We will pay the reasonable additional living expenses for                (a)   the deduction of an excess
          the time that it would normally take to make your Home
                                                                                   (b) the Earthquake Commission exercising its
          fit to be lived in again.
                                                                                       power to decline a claim for that loss or
          The maximum amount we will pay is $5,000 for any one                         damage.
          Happening.
                                                                             12.   Theft or disappearance of any Contents that you
          Event C.                                                                 leave:
          We will pay up to $1,000,000 for any one Happening as                    (a)   unattended in a public place, or
          well as all costs charged to you with our approval or                    (b) in an unlocked and unattended vehicle, or
          awarded against you by a Court.
                                                                                   (c)   in an unlocked building or room.

    13                                                                                                    Basic Contents Insurance

56510 1322 1013_NEW IAG Insurance Policy Doc.indd 13                                                                                 10/12/13 11:42 AM
Event B.                                                         Items of jewellery specified in the Schedule.
          1.     Expenses that you can claim for under any other           4.   For any item of jewellery in the Schedule to be
                 Section or any other policy.                                   covered for loss or damage caused by faulty or
                                                                                loose clasps or settings, you must have a practising
          Event C.
                                                                                jeweller:
          1.     Liability for loss of or damage to property belonging
                                                                                (a)   check the item of jewellery every 12 months,
                 to members of your family who are living with you.
                                                                                      and
          2.     Liability arising from any business, trade or                  (b) carry out all necessary repair work before the
                 profession.                                                        loss or damage happened.
          3.     Liability created by a contract or agreement (except      Automatic reinstatement.
                 where you would have been liable even without a           5.   Once your Contents are restored or replaced
                 contract or agreement).                                        following loss or damage, we will automatically give
          4.     Liability arising from the ownership or use of any:            you free reinstatement of the Sum Insured.
                 (a)    motor vehicle (other than an electric
                        wheelchair, domestic garden appliance or golf
                        cart), motorcycle, motor scooter, trailer,
                        caravan, aircraft or other aerial device.
                 (b) watercraft (other than a surfboard, windsurfer,
                     surf-ski, kayak, dinghy or canoe).
          5.     Liability arising if you have not complied with all the
                 requirements of the Forest and Rural Fires Act 1977.
          Events A, B and C.
          1.     Loss, damage or expenses arising from subsidence
                 or erosion.

          Special conditions of Basic Contents
          Insurance.
          Vacant homes.
          1.     You must tell us if there will be no one living at your
                 Home for a period of more than 60 consecutive
                 days.
          Inflation protection.
          2.     The Sum Insured (less the value of all Specified
                 items) will be automatically adjusted every year to
                 reflect the movement in the Consumer Price Index
                 for selected household goods and personal effects.
          Burglar alarm system.
          3.     Where an alarm system has been professionally
                 installed and we give you a burglar alarm discount
                 then it must be:
                 (a)    tested regularly, and
                 (b) maintained in good working order, and
                 (c)    set when your Home is unattended.

          Basic Contents Insurance                                                                                                           14

56510 1322 1013_NEW IAG Insurance Policy Doc.indd 14                                                                                 10/12/13 11:42 AM
Section 03: Private Motor Vehicle Insurance.
          This insurance applies.                                        Event A – Loss or Damage to your vehicle.
          While the vehicle insured is being used                        This Event only applies when an amount is stated on the
          (a)    for private, social, domestic or pleasure purposes      Schedule under ‘Sum Insured’.
                 including community work;                               You are insured for.
          (b) in connection with any profession, business or             1.   Loss of or damage to your Vehicle.
              occupation other than
                                                                         2.   Reasonable costs incurred to take care of your
                 (i)    the occupation of Salesperson; Commercial             Vehicle and its Accessories if it is disabled following
                        Traveller; Insurance Agent, Inspector or              any Happening for which a claim is payable under
                        Assessor; Land or Estate Agent;                       Paragraph 1 of ‘You are insured for’ Event A.
                        Manufacturer’s Agent; Stock or Station Agent;    3.   Loss or damage to any trailer used for the purpose
                 (ii)   in connection with the motor trade.                   consistent with (a) and (b) of ‘This insurance applies’
                                                                              (other than a boat trailer, caravan, camper trailer,
          This insurance will not apply.                                      horse float or the contents of any trailer) owned by
          While the vehicle insured is being used to                          you or in your care and which is not otherwise
                                                                              insured provided this Policy is not
          (a)    carry fare-paying passengers or for hire (other than
                 for car pooling or car sharing);                             (a)   insuring a trailer
          (b) carry goods or samples in connection with any                   (b) limited to loss or damage by fire and/or theft.
              trade or business (other than farming).                    4.   General Average or Salvage charges you are legally
                                                                              required to pay as a result of your Vehicle being
          Definitions.                                                        carried by ship between the North and South Islands
          1.     Your Vehicle is the vehicle described in the                 of New Zealand.
                 Schedule, including                                     The amounts we will pay.
                 (a)    any standard tool supplied by the vehicles       1.   If we consider your Vehicle is economic to repair,
                        manufacturer or a similar substitute tool;            we may
                 (b) any Accessory or spare part whilst in or on              (a)   arrange to repair your Vehicle, or
                     your Vehicle;                                            (b) pay the cost of repairs as estimated by our
                 (c)	any Accessory which has been temporarily                    assessor.
                      removed from your Vehicle for security             2.   If we consider your Vehicle is uneconomic to repair
                      purposes, cleaning or servicing.                        or if your Vehicle is stolen and not recovered, we
          2.	An Accessory is a part of your Vehicle designed for             may
              use in a vehicle but which is not directly related to           (a) replace your Vehicle with a new vehicle of the
              the function of a vehicle including                                    same model and specification, if available in
                 (a)    any radio, audio equipment or other in-vehicle               New Zealand, following any Happening within
                        entertainment and communication equipment                    12 months of purchase new by you, or
                        forming an integral part of your Vehicle;             (b) replace your Vehicle with an equivalent vehicle,
                 (b) any portable telephone which connects to a                      if available in New Zealand, following any
                     power source in your Vehicle;                                   Happening when your Vehicle is over
                                                                                     12 months old or if you did not purchase
                 (c)    any car seat covers, floor mats or child car
                                                                                     the vehicle new, or
                        seats.
                                                                              (c) pay the current Sum Insured if, at the time of
          3.     A Happening is any accident, loss, damage, Injury or                the Happening, your Vehicle was in every
                 legal liability.                                                    respect in a good and well maintained
          4.     An Injury is bodily injury caused solely and directly               condition, or
                 by violent, accidental, external and visible means.          (d) pay the market value up to the current Sum
          5.     Use shall include the driving, parking, garaging or                 Insured if, at the time of the Happening, your
                 storing of the vehicle.                                             Vehicle was not in a good and well maintained
                                                                                     condition.

    15                                                                                       Private Motor Vehicle Insurance

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3.     We will pay the market value at the time of the           to the fixtures, fittings, furnishings, furniture and utensils
                 Happening for any new parts, Accessories or tools         normally permanently contained in or attached to that
                 that are unobtainable in New Zealand but not more         caravan.
                 than the last selling or list price in New Zealand.       Provided:
          4.     If the Schedule names other interested parties            1.   Such property is not otherwise insured.
                 we may
                                                                           2.   We shall not be liable for
                 (a)    get their agreement if replacing the Vehicle, or
                                                                                (a)    loss of or damage to clocks, pictures, works of
                 (b) make any payment or part payment to them.                         art, china, glass, earthenware or other fragile
          5.     For loss of or damage to any trailer insured under                    articles;
                 Paragraph 3 of ‘You are insured for’ Event A, we               (b) the scratching, chipping, abrasing or denting
                 will pay                                                           of furniture unless caused by fire or theft or
                 (a)    the cost of repairs, or                                     attempted theft or by the overturning of the
                 (b) the market value                                               caravan or by the impact of the caravan with
                                                                                    any other object.
                 whichever is the lesser, but the maximum amount
                 payable shall not exceed $1,000.                          Special benefits under Event A - These do not apply to
                                                                           Third Party Fire & Theft policies.
          The amounts you will pay.
                                                                           1.   Windscreens or Windows
          The amount of the Excess shown in the Schedule will be
                                                                                Your entitlement to a No Claim Discount will not be
          deducted from every claim under Event A.
                                                                                affected by nor will the Excess be applied to, a claim
          If your Vehicle is damaged in an accident involving                   which relates solely to damage to any windscreen or
          another party and you give us:                                        window of your Vehicle.
          (a)    details of the name and address of the other party,       2.   Accommodation Costs
          (b) the registration number of the other vehicle or                   If a claim is payable under Event A of this Section for
              other identifying particulars of the other party,                 loss of or damage to your Vehicle occurring more
          (c)    assistance, if required, in any efforts we make to             than 100 kilometres from your normal place of
                 recover costs from the other party,                            residence and your Vehicle cannot be driven, we
          and we are satisfied that the other party caused the                  will pay up to $500 for reasonable additional costs
          accident, you will not have to pay the Excess and your                incurred for accommodation for you and members
          No Claim Discount will not be adjusted.                               of your family travelling together.
                                                                           3.   Road Clearing Costs
          You are not insured for.
                                                                                In the event of loss of or damage to your
          1.     Loss of use, depreciation, wear and tear.
                                                                                (a)    Vehicle, or
          2.     Mechanical or electrical breakdowns, failures or
                 breakages or damage to any engine or transmission              (b) trailer covered under Paragraph 3 of ‘You are
                 system resulting from those breakdowns, failures or                insured for’,
                 breakages.                                                     for which a claim is payable under Event A of this
          3.     Damage to tyres caused by braking or by punctures,             Section we will pay up to $1,000 for reasonable
                 cuts or bursts.                                                costs incurred for removing debris from any road or
                                                                                parking area, including any property carried by your
          4.     For any claim in respect of a trailer insured under
                                                                                Vehicle or trailer.
                 Paragraph 3 of ‘You are insured for’ under Event A,
                 the Excess is $100.                                       4.   Keys and Locks
          5.     The contents of any trailer.                                   (a)    If any key giving access to your Vehicle is lost,
                                                                                       stolen or believed on reasonable grounds to
          Protection against uninsured drivers under Event A.                          have been duplicated without your permission,
          When your Vehicle is damaged in an accident caused by                        we will pay reasonable costs incurred to
          an identified, uninsured driver of another vehicle and a                     replace those keys and to alter the locks they
          claim is payable under this Event, we will not adjust your                   were for.
          No Claim Discount provided full liability is admitted by or           (b) The Excess shown in the Schedule will not
          established against that driver.                                          apply and your No Claim Discount entitlement
                                                                                    will not be affected.
          Caravan under Event A.
                                                                                (c)    The maximum amount we will pay for any one
          Where a caravan is specified in the Schedule the
                                                                                       Happening or during any Period of Insurance is
          insurance under Event A will include loss of or damage
                                                                                       $500.

          Private Motor Vehicle Insurance                                                                                                     16

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Event B – Liability.                                                3.    Liability for loss of or damage to property in your
                                                                                    care or in the care of anyone we insure under this
          You are insured for.                                                      Event other than for
          1.     Legal liability for                                                (a)    a disabled motor vehicle being towed without
                 (a)    accidental loss of or damage to anyone else’s                      charge by any vehicle insured;
                        property, or                                                (b) 	clothing, personal effects and personal luggage
                 (b) accidental Injury to any person                                      being carried by any vehicle insured that
                 arising in connection with the driving or use of                         belongs to a passenger in the vehicle.
                 (i)    your Vehicle;                                         4.    Liability for loss of or damage to any property being
                 (ii)   any trailer or caravan attached to your Vehicle;            carried by or loaded into or loaded from any vehicle
                                                                                    insured (other than property as set out in Paragraph
                 (iii) a motorcar that you do not own and are not
                                                                                    3 above).
                       purchasing provided you have the owner’s
                       permission to drive it and the liability is not        5.    Liability arising while in transit between the North
                       insured under any other policy.                              and South Islands of New Zealand if the person in
                                                                                    charge of any vehicle insured did not comply with all
          2.     The legal liability of
                                                                                    the requirements of the carrier.
                 (a)    any other person
                                                                              6.    Liability for injury to
                 (b) your employer or fellow employee for
                                                                                    (a)    you or any person who lives with you or any
          		            (i)    accidental loss of or damage to anyone                      member of your family or any person you have
                               else’s property, or                                         a business relationship with;
          		            (ii)   accidental Injury to any person                      (b) any person or persons we insure who claim(s)
                        arising in connection with the driving or use of                under this Event or anyone who lives with them
                        your Vehicle or any trailer or caravan attached                 or any member of their family or any person
                        to your Vehicle provided                                        they have a business relationship with.
          		•                  such use has your permission                   7.    Liability for injury covered by the Injury Prevention,
          		•                  such person or employer shall meet all               Rehabilitation & Compensation Act 2001 or any
                               the terms, limitations, conditions and               subsequent amendment or Act.
                               exceptions under the Policy that you have      8.    Any fine, penalty, punitive or exemplary damages.
                               to observe, fulfil and comply with.            9.    Any consequent damage, loss, liability or
          		•                  the liability is not insured under any other         consequent costs incurred by you or any other
                               policy.                                              person after we have paid the full amount of our
                                                                                    liability under Paragraph 3 of ‘The amounts we
          The amounts we will pay.
                                                                                    will pay’.
          1.     For liability for accidental loss of or damage to
                 property we will pay up to $20,000,000 for any one           Event C – Accidental Death or Permanent
                 Happening including costs and expenses incurred              Disablement.
                 with our approval or awarded against you by a                This Event only applies when an amount is stated on the
                 Court.                                                       Schedule under ‘Sum Insured’.
          2.     For liability for Injury to any person we will pay up to
                                                                              You are insured for.
                 $1,000,000 for any one Happening including costs
                 and expenses incurred with our approval or                   An Injury to
                 awarded against you by a Court.                              (a)   you;
          3.     We may pay the full amount under this Event for              (b) your husband or wife or person with whom you are
                 any claim or series of claims arising from any one               living in the nature of a marriage while driving your
                 Happening and give up any claim defence or                       Vehicle or any other motorcar with the owner’s
                 proceedings.                                                     permission that results in
          You are not insured for.                                                  (i)    Death of such person(s) within 3 calendar
                                                                                           months from the date of the Injury;
          1.     Any Happening where your Vehicle, trailer, caravan
                 or motorcar is being driven or used for a purpose                  (ii)   Permanent disablement of such person(s)
                 not insured under this Section.                                           within 3 calendar months from the date of the
                                                                                           Injury.
          2.     Liability for loss of or damage to property owned by
                 you or anyone we insure under this Policy who
                 claims under this Event.

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56510 1322 1013_NEW IAG Insurance Policy Doc.indd 17                                                                                    10/12/13 11:42 AM
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