What contents items need to be listed or specified on my policy?
Ask us to increase the limit if the item is worth more than:
Jewellery and watches
Carpet or rugs that are handwoven
Paintings, pictures, works of art, antiques, sculptures, ornaments and art objects
Collections, sets and memorabilia, including stamps, stamp collections, collectors pins, medals and currency no longer in circulation.
$1,000 per item or set up to a total of $4,000
$2,000 per carpet or rug
$10,000 for each item or set up to a total of$50,000
$2,000 in total for all collections, sets and memorabilia
$2,500 per item or set up to a total of $10,000
$5,000 per carpet or rug
$20,000 for each item or set up to a total of $80,000
$5,000 in total for all collections, sets and memorabilia
$10,000 per item or set up to a total of $40,000
Contents sum insured
$200,000 in total
$50,000 in total for all collections, sets and memorabilia
For example, if you have Classic Extras cover and you have a painting in your home that is valued at $25,000, you would need to ask us to list that painting for $25,000, and we must agree, in order for it to be covered to the value of $25,000, otherwise, in the event of a claim we will only pay up to $20,000 for that painting as shown by the limit for paintings under Classic Extras in the table above.
What is meant by collections, sets or memorabilia?
A collection is a set of objects, specimens, writing and the like, gathered together and which collectively have a special value above that of the items individually if separated.
A set is a number of things customarily used together or forming a complete assortment. Outfit, or collection such as a set of dishes.
Memorabilia are things saved or collected as souvenirs and/or for their historical interest.