Page 8 - Bay Union - Prestige Policy Wording
P. 8

Key terms to Understand
Schedule Claim
Insured event Excess
The section that explains what you’re covered for, and for how much When you ask us to compensate you for loss or damage
When something happens that you are allowed to claim for
The amount that you must pay for any claim
If your three-year-old television set is stolen, we may buy you a new one or pay you the price of a new one. If your photo album or digital camera is lost, however, we pay only for the album or camera, and not the sentimental value of the photos they contain.
Bay Union - Prestige Policy Wording - 20 June 2012

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