Allianz Australia
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Material Damage - Additional Benefits
Allianz Material Damage cover provides a number of automatic additional benefits.
The information provided above is intended as a summary only. For full details of cover, conditions and exclusions relating to Allianz Retailer's Pack, please refer to the
product disclosure statement.
Material Damage - Additional Benefits 1 - 8 | Limit |
| 1. Removal of Debris covers the removal, storage and / or disposal of debris | Greater of 10% of the Sum Insured or $50,000 |
| 2. Fire extinguishment covers the cost incurred to replace fire fighting appliances or damaged materials caused in avoiding or minimising damage | $25,000 |
| 3. Temporary protection covers safety and protection of property pending replacement or repair | $25,000 |
| 4. Professional fees covers fees incurred to reinstate property | Greater of 10% of the Sum Insured or $20,000 |
| 5. Government fees covers statutory authority fees incurred with reinstatement of your business property | $5,000 |
| 6. Rewriting of Records covers the cost of rewriting your business records | $25,000 |
| 7. Directors, Partners’ and Employees’ Personal Property | $5,000 any one person $15,000 any one event |
| 8. Contractual agreements |  |
In addition to the limits noted above, payments made for additional benefits 1 to 7 are also subject to the extent that the Sum Insured on Buildings, Contents or Stock in Trade is not otherwise exhausted.
Material Damage - Additional Benefits 9 - 15 | Limit |
| 9. Seasonal increases in the Sum Insured increases the Sum Insured for Stock in Trade during Christmas, Easter, Valentines Day, Mother's Day, and Father's Day periods (or alternative periods of your choice) | Sum Insured increased by 50% |
| 10. Capital additions covers alterations and additions to the Property Insured, other than Stock in Trade | To the lesser of 20% of the Sum Insured or $500,000 |
| 11. Temporary removal covers Property Insured while temporarily removed from the Premises | Up to the lesser of 10% of the Sum Insured or $100,000 |
| 12. Exploratory Costs covers the cost of locating the source of damage caused by leaking pipes or appliances | Up to $25,000 for any one loss |
| 13. Landscaping covers the reasonable costs of restoring trees, shrubs, plants and lawns following damage | Up to $2,000 for any one event |
| 14. Minimisation of Damage covers the removal cost of insured property from the situation to avoid threat of fire or other insured peril | Up to a maximum of $5,000 |
| 15. New premises temporary protection covers newly acquired premises for a period of 30 days after acquisition provided they are of similar type to those insured | Up to 10% of the highest Sum Insured |
Payments made for additional benefits 9 to 15 are made in addition to the sums insured for Buildings, Contents or Stock in Trade.
The information provided above is intended as a summary only. For full details of cover, conditions and exclusions relating to Allianz Retailer's Pack, please refer to the
product disclosure statement.