What is safety net home protection?
Safety net home protection – included in GIO Classic Extras and GIO Platinum home covers – provides a further percentage of the home sum insured toward the cost of repairing or rebuilding your home if the costs exceed your sum insured.
If your claim is covered we will pay up to a further percentage of the home sum insured towards either:
- repair or rebuild of the home by our builder, when our builder is repairing or rebuilding
- the amount of our builder’s assessed quote to repair or rebuild the home, when your claim is being settled on this basis
- the amount of your builder’s assessed quote, when your claim is being settled on this basis.
See PDS for full details.