Students living in shared accommodation facilities should protect their personal belongings with a contents insurance policy that has been designed with their lifestlye requirements in mind.
The cover provides for all personal contents and goods used by students anywhere in Australia. The Insurer will repair or replace the student's contents up to their replacement cost with a combined limit of $15,000.
The policy includes cover for such items as:
Computers (including portable computers), associated hardware and software which are only used for personal purposes up to a limit of $2,000
Mobile telephones up to a limit of $500
Bicycles kept in lockable premises up to a limit of $1,500
Sporting equipment up to a limit of $1,500
Jewellery, watches and items containing gold/silver up to a limit of $1,000
Money, cheques and other negotiable instruments up to a limit of $1,000 or $5,000 secured in a bank vault or safety box
Spoliage of refreigerated goods up to a limit of $500
Alternative accommodation when principal residence becomes uninhabitable up to 10% of the sum insured
$20 million Public Liability
Claims Excess - All Claims $200
Terms and conditions of the Students Contents Insurance Scheme deviates from the Lumley General Standard Product Disclosure Statement. All other covers are subject to the terms, conditions and exclusions of the Accidental Damage Home Insurance Product Disclosure Statement.
Please note: This product is issued by Wesfarmers General Insurance Limited ABN 24 000 036 279, AFS Licence No. 241 261, trading as Lumley Insurance. To decide if it is right for you please carefully read the PDS (RET PDS 6403-2) before making any decision. You can obtain a Product Disclosure Statement from our office.