Page 49 - Bay Union - Platinum Policy Wording
P. 49

Sec on 1 – Home
○ Buying a new home means if you are buying a new home, we will cover the home for loss or damage. This cover is subject to the following:
– the home must be insured with us and the premium paid
– we will cover loss or damage up to the sum insured stated in the schedule
– the cover will apply only from your signing the deed of sale and the transfer of the property into your name by the deeds o ce but limited to a maximum period of 90 days.
○ Fees and costs
– We will pay the necessary costs following the loss or destruc on of or damage to your home up to the limit stated in the schedule to:
• • • •
– If
remove the damaged parts of your home from the insured address
cover extra costs for the compliance to the latest building regula ons and laws demolish the home if necessary, and
make the home safe if it cannot be lived in.
we authorise the repair or rebuilding of your home, we will also pay the reasonable and necessary cost:
• of temporary fencing
• of fees from quan ty surveyors, land surveyors, architects and engineers
• of local authori es’ inspec on fees
• for building applica on fees and legal work to repair or rebuild, and
• addi onal costs for the compliance to the latest building regula ons and laws.
– We will not be responsible for the costs:
• or fees connected with any undamaged parts of the home
• you may incur in mee ng any condi on required by the Government or local authority of which they no  ed you before the damage occurred.
○ Fire department charges
We will pay for any cost incurred to ex nguish a  re or for preven ng imminent  re damage to your home up to
the limit stated in the schedule.
○ Garden and landscaping
We will pay the cost of re-landscaping your garden following damage to your garden caused by  re, lightning, explosion, storm, wind, water, hail or snow, impact, vandalism, the  or attempted the  up to the limit stated in the schedule.
Bay Union – Pla num Policy Wording – 24 October 2016 47


































































































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