The Privacy Act 1988 (as amended) requires us to inform you about our policy on the management of your personal and sensitive information. Collection, Purpose and Use of Personal Information.
Any personal information you provide to us is used by us to evaluate and arrange your insurance cover. We also use it to administer and provide insurance services and manage you and your rights and obligations in relation to the insurance services that we provide to you, including managing, processing and investigating claims.
To ensure that your interests are fully protected we require you acknowledge the following information:
- DUTY OF DISCLOSURE,
Before You enter into an insurance contract, You have a duty under the Insurance Contracts Act 1984 (ICA) s.21 and the
Marine Insurance Act 1909 (MIA) s. 24, 25 and 26 (whichever is applicable) to tell Us pursuant to the ICA: anything that You
know, or could reasonably be expected to know, which may be relevant to Our decision to insure You and on what terms, or
pursuant to the MIA: every material circumstance which is known to You or which ought to be known to You which would
influence Us in fixing the premium or determining whether to accept the risk.
You have this duty until We agree to insure You. You have the same duty before You renew, extend, vary or reinstate an
You do not need to tell us anything that:
If you do not tell us something
Where the Insurance Contract Acts applies: If You do not tell us anything You are required to, We may cancel Your contract or reduce the amount We will pay you if You make a claim, or both.
If Your failure to tell Us is fraudulent, We may refuse to pay a claim and treat the contract as if it never existed.
Where the Marine Insurance Act 1909 applies: If You fail to comply with Your duty of disclosure, We may avoid the contract from its beginning.
Who must tell Us?
Everyone who is insured under the Policy must answer the questions in this way.
- AVERAGE/UNDER INSURANCE,
means any extraordinary sacrifice or expenditure voluntarily and reasonably made or incurred in time of peril for the purpose of preserving the property at risk at a time of peril in a common maritime adventure.
You acknowledge that all particulars and statements contained in this quote request are true and correct, and that together with this declaration, they shall form the basis of the contract between you and the Insurer and be incorporated therein.
You acknowledge that you have not withheld any information to our questions that is likely to affect our cover, in that we may reduce or refuse to pay a claim on this Cover.
Accidental Damage - means an unintended, unforeseen, unlooked–for happening or mishap, which could not reasonably be expected nor designed by You or any person acting for You or on Your behalf who has actual knowledge of the means of transportation of the Insured Goods
Listed Events means Loss of or damage to the Insured Goods directly caused by any of the following insured events:
Accidental Loss or Damage to household goods and personal effects belonging to You or a member of Your Family excluding:
1. cash, credit cards, bank notes, jewellery, watches, precious gems or metals, bullion, stamp or coin or other collections or any documents of value including tickets, deeds or securities; and
2. unset precious/semi¬precious stones, plants and trees growing outdoors (unless they are growing in pots or tubs), animals (including birds and fish) or ircraft (other than model or toy aircraft).
Basis of Valuation for Artwork and antiques – are insured for their value as per independent antique or artwork dealer valuation. You will need to provide proof of value for such items in the event of a claim
For Accidental Damage to apply to a movement of a motor vehicle, motorcycle, caravan, trailer or boat, You will have to provide Us with a pre-movement inspection report recording the condition and current market value of the goods when the quotation is being bound. If not supplied, cover will revert to Cover 2 – Listed Events irrespective of the cover type selected.
Basis of Valuation for motor vehicle, motorcycle, caravan, trailer or boat is current Market Value rather than the new replacement value.
Do you require storage of the goods which is not incidental to shipping and is not outside your control? i.e. the goods need to be stored for ‘x’ weeks upon arrival in New Zealand pending our decision on where to more in to.
All insurance policies have exclusions and conditions and You should read the full Policy wording to familiarise Yourself with the full details of these important conditions and exclusions.
Some of the things We will not pay for include:
When You make a claim under this Policy You may be asked to pay an Excess. This is the amount You contribute towards the cost of Your claim. Your Policy Schedule shows the base Excess that is payable. In some circumstances there may be an additional Excess.
We will endeavour to provide you with insurance to cover your property as per the above information. This form does not guarantee cover will be available and will at all time be subject to the insurers product disclosure statement (PDS) whish will be included with the quotation
Will we endeavour to reply to you within two (2) business days. We do not action any submissions on weekends or public holidays.