Way from home ,,,and how does your home insurance cover your home inurance cover

Thanks Arkay,

I did some quick maths after 90 days our excess would go up from $100 to 5% of 140k contents equals $7,000. That is worse than Comm Bank there's was only $1500.

We can/could restart the clock with Comminusre but we haven't got the local family support mechanisms.

We do have back to base monitoring alarm systems and a 5 minute response time to have somesecurity patrol at premises but that isn't satisfactory to Commonwealth bank.... the lady said "it may malfunction". Similarly the person going in to stay the night (another of their rules) may be sick and may not stay.

Thanks again for your input.

SKI'er

Thanks Fragle Rock,

This fine print was so fine it is not written in th epolicy, the explanatory book that comes with the policy. The front of shop lady at Ballina Comm Bank did not know of it and she sells and directs people to policies.

This fine print is covered by "** Underwritiners conditions may apply."

Tell me that that is fair.

Regards
SKI'er

That's the problem when businesses and brokers sell policies that are being underwritten by another company. Because they are not the underwriter they are usually unaware of the 'small' details that can quickly become a major problem when something goes wrong. Wherever possible avoid using the middleman and go direct. It may require a little more time and effort but I believe it is worth it for the peace of mind.

Good Luck

Thanks Gerhardp1 for your input.

I hear what you are saying .... put the commonwealth Banks absentee clause is not written in the contract or the explanatory booklet that comes with the policy offer.

I say again the front of office person at Comm bank Ballina did not know of the clause. She found out that it is covered by this notation in the explanatory bookley

** underwriters conditions may apply."

I am just pleased that the friendly chat over a Christmas beer alerted me to the problem and that APIA cater for the absent senior and do charge a small excess after 60 days which may address the greater risk.

During that 25 years with Comm Bank we had one claim last year for accidental glass breakage - self inflicted whipper snipper stoneaccident . We have never had a contents claim. If we are done over the back to base monitoring and a 5 minute response time to attend premises should minimise the loss from total to part.

But our security precautions didn't count for anythinhg with Comm Bank- but they said getting someone to sleep at our house before the 60th day had elapsed would reset the clock to zero again for another 60 days. My alarm , monitoring system and response time is infinitely better than a casual sleepover on lets say the 58 day which could only do one of 2 things.... confirm aeverything was OK or inform us from afar that we had been done over sometime in the previous 58 days.

Thanks for your input

Regards
SKI'er