Home & Contents
Extended replacement cost coverage. Insurers will cover the full cost to rebuild your home after a covered loss even if this is more than the sum insured. So you are protected from the consequences of under-insuring your home.
Cash settlement option You can choose to receive cash if you decide not to rebuild your home or replace your possessions in the event of a covered loss.
Your choice of craftsmen Insurers allow you to choose your contractors and craftsmen. Most insurers insist that you use their preferred contractors. When you’re insured with prestige policies, you control the specialist repair of your home or possessions.
Replacement cost on contents When replacing your contents, insurers pay you what it costs to replace the item today, up to your sums insured. So all your possessions, from clothing to sports equipment to valuable antiques are covered, without deduction or depreciation.
Worldwide cover for accidental loss and damage Broad cover means all your possessions are automatically covered wherever you are in the world for accidental loss or damage, even when you are travelling or your goods are in transit or in storage. Environmental coverages From upgrading to environmentally friendly appliances to replacing the income you might be earning from putting energy back into the grid,
Valuables High Limits
Itemised or blanket coverage When you itemise your valuable articles, they will cover them for the agreed value. This allows you to determine up front the value of each individual piece listed in your policy. In the event of irreparable damage or loss you will receive this agreed value with no depreciation. Alternatively you can choose blanket coverage, where all you need to do is select a total limit of coverage for each category of valuable articles you wish to insure.
Cash settlement you can always choose to take cash for the insured value, rather than attempting to replace the piece. Your choice of repairer If you choose to have your damaged piece repaired, we will happily use your preferred tradesman or artisan to complete the repairs.
Instant cover for newly acquired pieces If you have certain valuables itemised on your policy, and you add new items to your collection, these items will be automatically covered for 90 days. For fine art, jewellery, furs, cameras and musical instruments, the amount of coverage can be as high as 25% of your original itemised amount for that category. Pairs, sets and parts cover If you lose a piece of a pair or set or it is damaged beyond repair, simply provide the remaining piece(s) and the insurer will pay the full replacement cost for the entire pair or set.
Personal liability cover personal liability cover for a variety of circumstances where you are legally liable.
Identity fraud cover Someone stealing from your bank account or credit card account, taking out loans or refinancing mortgages under your name are examples of one of the fastest growing white-collar crimes in Australia.
Family protection cover The risk of becoming a victim of crimes such as cyberbullying, aggravated assault, car jacking, home invasion, child abduction, road rage, hijacking, air rage or stalking is growing, and the potential physical and emotional effects of such traumas cannot be underestimated. It is to help defray the costs associated with recovery from such an event and also help prevent any reoccurrence.
Kidnap expense cover Broad cover is accentuated by the fact it even provides cover for expenses as a result of kidnap and ransom.
This is a summary only and does not form part of the Product Disclosure Statement or Policy Wording. Mercantile Insurance Brokers does not provide advice on this insurance based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision please consider the applicable Product Disclosure Statement and Policy Wording