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QRL
PROPERTY INSURANCE PROGRAM BENEFITS:
We wish to point out some key policy
benefits that are automatically included in the property program that are
not normally covered by your standard insurance policy, which we believe
are important to each individual club:
Ø Theft
of Property in the Open Air cover of $10,000 (excludes the insurance
requirement of forcible entry).
Ø Cover
for Outdoor Shade Cloth of $10,000
Ø Malicious
Damage of Playing Surfaces of $10,000
Ø Flood
Cover of $100,000 (most, if not all current policies would exclude Flood
cover altogether and we have noticed on some Council Leases that Flood
damage is a cover requirement).
Ø Automatic
cover for Machinery Breakdown on all fixed Pressure, Mechanical,
Electrical and Electronic Equipment (including air conditioning,
refrigeration, electrical switchboards, lifts, computers etc).
Ø Automatic
Deterioration of Stock (Loss of Frozen Goods) cover to $2,500.
The full list of benefits is outlined
below:
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Section 1 – Material
Loss or Damage |
|
|
· |
Accidental Damage (as
defined) |
$100,000 |
|
· |
Burglary/Theft of
Property (other than money) |
$35,000 |
|
· |
Theft of Property in
Open Air |
$10,000 |
|
· |
Employees Personal
Property |
$10,000 |
|
· |
Extra Cost of
Reinstatement |
$50,000 |
|
· |
Glass |
Replacement Value |
|
· |
Money |
|
|
|
In Transit |
$30,000 |
|
|
In Private Residence |
$30,000 |
|
|
On Premises (Bus
Hrs) |
$30,000 |
|
|
On Premises (O/S Bus
Hrs) |
$5,000 |
|
|
In Safe |
$30,000 |
|
· |
Landscaping & Gardens |
$10,000 |
|
· |
Removal of Debris |
$500,000 |
|
· |
General Property
(Australia Wide) |
$10,000 |
|
· |
Rewriting of Records |
$10,000 |
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· |
All Outdoor Shade Cloth |
$10,000 |
|
· |
Malicious Damage
Playing Surfaces |
$10,000 |
|
· |
Flood Cover |
$100,000 |
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|
|
|
|
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Section 2 – Business
Interruption |
|
|
· |
Claims Preparation
Costs |
$100,000 |
|
· |
Additional Increased
Cost of Working |
$100,000 |
|
· |
Accounts Receivable |
$100,000 |
|
· |
Unspecified Customers &
Suppliers – 10% of Gross Profit or $100,000, whichever is lesser |
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|
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|
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Section 3 – Machinery
Breakdown |
|
|
· |
Mechanical / Electrical
Damage |
$250,000 |
|
· |
Deterioration of Stock |
$2,500 |
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