Personal Valuables - Unspecified Items
If you have personal items that you normally carry with you away from your home, you can cover them for accidental loss or damage under this optional cover for an extra premium.
What policy covers Personal Valuables – Unspecified Items?
Regardless of your policy, this particular coverage is optional. But you can lodge a claim for it, even if a specified insured event hasn’t occurred. Remember that an excess of $100 applies, each time you make a claim, not the standard contents excess.
What’s covered
We cover accidental loss or damage to personal valuables at or away from the insured address during the period of insurance anywhere in Australia or New Zealand. We will cover only specific items as personal valuables, such as jewellery, watches, handbags, wallets, mobile phones and laptops, some sporting, recreational and leisure goods and equipment (but not whilst they are being used), and some photographic and optical equipment.
We also cover jewellery and watches anywhere in the world for up to 30 consecutive days, but only while worn by you or while in a secure safe.
Know that for personal valuables above the limit of $1,000 per item, pair, set or collection can be covered under our optional cover ‘Personal Valuables – Specified Items’. As the name of that cover suggests, you must specify the value of the item. If you select the Specified Items cover for those items, the most we will pay you, should your claim be approved, is the item’s sum insured as shown on your certificate of insurance.
What’s not covered
There are specific items we don’t cover as personal valuables, and there are other exclusions to this coverage, such as sporting, recreational and leisure equipment while in use, personal valuables that are primarily used for any business activity, drones, personal transportation vehicles, any contents on exhibit or up for sale, and cash, smart cards, phone cards, documents able to be cashed or traded.
You can learn more about it in the Product Disclosure Statement.