Important Information
Your AAMI Product Disclosure Statement The AAMI Home Building Insurance Policy
This Product Disclosure Statement provides information about the product we offer: the AAMI Home Building Insurance Policy. When we agree to insure your building, your policy comprises this booklet and your policy schedule which shows the detail of the policy particular to you. See this page.
This Product Disclosure Statement was completed on 28 February 2007.
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 4 hours a day, every day of the year.
If your home building has been damaged or someone is claiming against you, please phone us immediately on 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 building,
any events involving your building 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,
tell us if you renovate, improve or extend your building after the policy commences. If you don’t do this, any payment we make for the repair or rebuilding of your building may be limited to the cost of replacing it before it was renovated, improved or extended.
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 this page.
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 14.
See also 'Important general information for you' on pages 33 - 37.