Category Archives: A – Kerugian

Approved service providers

There are nominated suppliers or loss adjusters used by the insurer to help them manage and fulfill customer claims. They will be appointed depending on the type and value of claim notified. Use of approved service providers helps the insurer to ensure only valid claims are paid and keep average claims costs to a minimum

Average clause

Insurer may apply the condition of average to household contents policies which means that in the event of underinsurance, they will only pay the proportion of the loss in relation to that which the sum insured bears to the loss in relation to that which the sum insured bears to the true replacement cost

Buildings

The structure of the insured’s home including:
- Septic tanks and cesspits
- Outbuildings used for domestic purposes;
- Fixtures, fittings and decorative finishes;
- Swimming pools, ponds, tennis hard courts, garden walls, patios, terraces, hedges, fences, gates, paths and drives at the address shown in the insured’s schedule.

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