The Theft section has been enhanced by adding a new additional benefit that covers the Theft of Property Insured in the open air.
This addition will provide automatic cover for theft without forcible and violent entry of Property Insured in open air within the boundaries of Premises, subject to meeting specific security requirements as stated in the Supplementary Product Disclosure Statement (SPDS). The most the insurer will pay is $5,000 or any higher amount if shown in the Schedule. Allianz now provides this benefit automatically.
They have also added an option in its Electronic cover
They have updated this section to provide the customer with the following two options:
• Accidental Damage including Breakdown
• Breakdown only
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