Excesses
Excesses
An excess on your policy is the amount that you must first contribute
towards each claim. If your claim is for more than one occurrence, the excess applicable to each occurrence will be payable.
The excesses that apply to your policy will be shown on the most recent of your insurance schedule and your renewal notice. When
you make a claim we may require you to pay the excess or we may deduct the excess from any payment we make. We will tell you when
and how the excess is to be paid or deducted.
When an unoccupied excess is payable, it will be additional to any other excesses that apply to your claim.
Unoccupied excess
Your insured property is at greater risk of damage or loss when it is unoccupied for a lengthy period.
Because of this extra risk, if you claim for damage or loss to your insured property:
which occurs after your lot or unit has not been occupied for 60 continuous days,
an additional compulsory excess is payable.
What happens when your building and contents are insured with AAMI
When your landlord building and landlord contents are insured with AAMI and your claim is for damage or loss to both,
whichever is the higher of your total building and your total contents excesses, including any Flexi-Premium excesses, will be payable.
AAMI Flexi-Premiums™
With AAMI Flexi-Premiums™, the higher the excess you choose, the bigger the discount on your premium. Please call 13 22 44 for full details.