What do we mean by that?
AAMI, we, us, our mean Australian Associated Motor Insurers Limited (ABN 9 004 791 744).
Accident means an accident or a series of accidents resulting from any one occurrence.
Amount covered is the most we will pay, less any excesses and payments we require for claims under AAMI Strata Title Landlord Insurance with Tenant Protection, for any accidental damage and loss covered by your AAMI policy occurring during the period of cover. The amount covered includes GST. The current amount covered is shown on the most recent of your insurance schedule and your renewal notice.
Collection or set means a group of items of sufficiently common type, appearance or nature that they reasonably belong together and that is devalued if one or more of the group is damaged or lost.
Cover and covers mean the protection provided by your policy.
Damage and loss.
Damage means actual physical damage to your insured property.
Loss or lost means your insured property or a part of your insured property being destroyed, stolen or damaged beyond economical repair.
Loss does not mean items being accidentally misplaced.
Endorsement means a special condition that applies to your policy.
Any endorsements to your policy are shown on your insurance schedule.
Excess. An excess on your policy is the amount that you must first contribute towards each claim.
Fire means burning with flames.
Insured address means the address at which your lot or unit is located.
Insured event. The occurrences we have listed on pages 1 - 17 which
cause damage and loss to your insured property.
Insured property means:
the landlord fixtures and fittings, and
when you have insured them under this policy,
the landlord contents.
Landlord means the person named in the insurance schedule as the insured property owner and whose lot or unit is being rented for domestic or residential purposes.
Landlord contents means the contents covered under this policy. See pages 9 - 11 for the contents that are covered and are not covered.
Landlord fixtures and fittings mean items provided for your tenant’s use for domestic or residential purposes, which you own and which are fixed to the land or building at the lot or unit. The fixtures and fittings that we cover
do not include anything that is:
insurable by the body corporate, or
covered under ‘What we cover - as landlord contents’ - see pages 9 - 11.
Living with your tenant. Any person normally living or staying with your tenant in your lot or unit.
Lot and unit mean an area which is used for domestic or residential purposes that is shown on the plan for the Strata Titles Act or similar legislation applying where the lot or unit is located.
Occupied means your tenant or another person is living or staying in the lot or unit with your consent.
Period of cover means the current period for which we have agreed to provide you with insurance cover. The current period is shown on the most recent of your insurance schedule and renewal notice and any receipt we may send to you.
Policy means this booklet and your policy schedule.
Your policy schedule comprises the notices we give you which show the particular details and the current status of your policy. These notices are the most recent of your insurance schedule and renewal notice, and any receipt we may send you.
Your insurance schedule sets out the information you have given us on which we have based our decision to insure you as well as the individual details of your policy. We will send you an updated insurance schedule whenever you advise us of a change in this information or these details.
Rental agreement means the agreement between your tenant and you or your agent which sets out the terms and conditions of the tenancy including the tenancy period and the amount of rent payable to you.
Storm means violent wind (including a cyclone or tornado), thunderstorm or a heavy fall of rain, snow or hail.
Theft means actual or attempted theft and burglary.
You and your mean the person, persons or entity named as the insured on the most recent of your insurance schedule and renewal notice and members of your family.
Your family means the following people who normally live with you:
your spouse or partner;
your children, parents, grandparents, grandchildren, brothers and sisters;
the children, parents, grandparents, grandchildren, brothers and sisters of your spouse or partner.
Your tenant means all persons named in the rental agreement provided that they are normally living in the lot or unit, and their family.
Your tenant’s family means the following people who normally live with your tenant:
your tenant’s spouse or partner,
your tenant’s children, parents, grandparents, grandchildren, brothers and sisters,
the children, parents, grandparents, grandchildren, brothers and sisters of your tenant’s spouse or partner.