Update: Austbrokers Superior Home policy

Thank you for your support of CGU's Austbrokers Superior Home policy.

Please see below a table that highlights the improvements that we have recently made to the policy.

COVER	CURRENT	AS OF 1 AUGUST 2017
Extra costs of Reinstatement	If this policy insures your buildings, and it is damaged as a result of an event insured under this policy, and we agree to pay a claim, we pay up to $25,000 for the extra costs necessary to meet the requirements of any statutory authority in connection with rebuilding or repairing your buildings at the situation. If only part of your buildings is damaged, we pay only the extra costs you incur in repairing that part. We do not pay any extra costs which resulted from any notice which a statutory authority served on you before your buildings suffered loss or damage. This benefit shall not be payable in addition to Clause (f) under section: How we will pay – Buildings.	If this policy insures your buildings, and it is damaged as a result of an event insured under this policy, and we agree to pay a claim, we pay up to $25,000 for the extra costs necessary to meet the requirements of any statutory authority in connection with rebuilding or repairing your buildings at the situation. If only part of your buildings is damaged, we pay only the extra costs you incur in repairing that part. We do not pay any extra costs which resulted from any notice which a statutory authority served on you before your buildings suffered loss or damage. If you have not exhausted the building sum insured, you can also use any unused portion of the building sum insured towards extra costs. This benefit shall not be payable in addition to Clause (f) under section: How we will pay – Buildings.
Additional exclusions applying to this policy	• inherent defects, structural defects, faulty workmanship or faulty design.	• inherent defects, structural defects, faulty workmanship or faulty design. This only applies to the part which is immediately affected and does not extend to subsequent damage to other parts of the property not otherwise excluded. However, we will pay for resultant loss or damage that is caused directly by a Specified event if you did not know about (or could not reasonably have known about) the defect, faulty design or faulty workmanship at the time of the loss.