From flood cover to protecting against accidental loss or damage, GIO has it covered with our Strata Insurance. Designed for residential buildings under a strata, group, body corporate or community title, it provides cover for the building and its common contents.
Strata Insurance provides:
Our Strata Insurance provides:
|Emergency repairs||We will cover the cost of having to do emergency repairs to your building and common contents if an insured event causes loss or damage. The most we will pay for emergency repairs is $1,000.|
|Exploration costs to find the
source of water leaks
|We will cover up to $500 for the cost of searching for the unknown source of leaks in pipes and water containers but only if the leaking liquid is causing permanent damage to your building or common contents.|
|Embezzlement of funds||Fraudulent embezzlement or theft of your funds by office bearers or your employees up to $50,000. Must be discovered within 12 months after the end of the period of insurance during which the incident occurred.|
|Removal of debris||When your building is damaged in an insured incident, we will pay up to 10% of the building sum insured to remove debris and, demolish the damaged parts. When your contents are damaged in an insured incident we will also store common contents while your building is being repaired, and dispose of damaged common contents.|
|Lawns, garden areas, trees,
shrubs and plants on
|You will be covered for an insured incident up to $5,000.|
|Replacement of locks||If keys or key codes are stolen, we will pay up to $1,000 to replace them.|
|Office bearer's liability||We will cover you up to $1 million for any claim made against the office bearer.|
|Voluntary workers cover||We will cover voluntary workers for injury or death for agreed work that they are performing on the property (limits apply).|
GIO is committed to giving you the best deal on your Strata Insurance.
Insurance is issued by AAI Limited ABN 48 005 297 807 trading as GIO. Please read the Strata Insurance Product Disclosure Statement before making any decision regarding this product. Contact us for a copy. The features and benefits described on this page and in our Strata Insurance Product Disclosure Statement apply to new customers from 3rd September 2013 and existing customers on renewal from 13th October 2013.