AAMI Strata Title Landlord Insurance Policy
Important Information
Flexible insurance from AAMI for residential investment property landlords
AAMI Strata Title Landlord Insurance gives you the cover you need for your rental property.
In this booklet
AAMI Strata Title Landlord Insurance
AAMI Strata Title Landlord Insurance removes any doubt about whether your landlord fixtures and fittings are insured. We cover damage or loss to your landlord fixtures and fittings when that damage or loss is caused by an insured event and it is not insurable by your body corporate. See page 7 for details.
When you lease your lot or unit partly or fully furnished, you can insure the contents you provide for your tenant's use for their replacement value with AAMI. See page 9 for details.
AAMI Strata Title Landlord Insurance with Tenant Protection
As well as covering your landlord fixtures and fittings, and, if you choose, your landlord contents, this policy covers:
tenant rent default,
theft by your tenant, and
malicious damage or vandalism by your tenant.
See page 30 for details.
Separately available from AAMI
AAMI Landlord Building and Landlord Contents
AAMI Landlord Building and Landlord Contents insurance provides building insurance for your rental home and, if you lease your rental home furnished, you can also choose to insure your landlord contents.
AAMI Landlord Insurance with Tenant Protection
As well as covering your landlord building, and, if you choose, your landlord contents, this policy covers rent default, theft by your tenant and malicious damage by your tenant.
Call 13 22 44 for full details.
Where to find
Important information
Your AAMI Product Disclosure Statement The AAMI Strata Title Landlord Insurance policy
This Product Disclosure Statement provides information about the product we offer - the AAMI Strata Title Landlord Insurance policy. When we agree to insure you, your policy comprises this booklet and your policy schedule which shows the detail of the policy particular to you. See page 48.
This Product Disclosure Statement was completed on 31 July 2006.
Our commitment to you
When you are an AAMI policyholder and you need to claim on your policy, our claims service will take away the stress and hassle. We are here to help you 24 hours a day, every day of the year.
If your insured property has been damaged or stolen or someone is claiming against you, please phone us immediately. Call 13 22 44.
Please read this policy carefully and retain it so you can refer to it if required.
We rely on the accuracy of your information
When we agree to insure you, to renew or vary your policy, or to pay your claim, our decision relies on the accuracy of the information you give us. If that information is not accurate, we can reduce or deny any claim you may make or cancel your policy. We never want to have to do that, so you must answer honestly, correctly and completely the questions we ask about:
you,
your insured property,
the strata title building insurance policy covering your lot or unit at the insured address,
the rental agreement between you and your tenant,
any events involving your insured property that result in a claim on your AAMI policy.
When you receive your renewal notice, please carefully check the information it shows about you. If any of that information is incorrect or incomplete, please call us and we will update our records.
We also require you to:
observe the conditions contained in your AAMI policy,
pay or agree to pay us the premium we charge and any excesses that apply.
Some words in this policy have definite meanings
This policy uses words that have definite meanings. To make sure you are aware of these words and their meanings, please read 'What do we mean by that' on pages 46 - 49.
This policy does not cover some events, circumstances and situations
As you read through this policy, you will see there are some events, circumstances and situations it does not cover. To make sure you are aware of these exclusions, please read the whole policy carefully including the section 'What we do not cover - general exclusions' beginning on page 18.
See also 'Important general information for you' on pages 39 - 45.
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