Home Policy

  • What?

    We have updated your coverage for bridges and culverts – please see new Automatic Benefit 3.10

    We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023.   There is no change in your FMG cover.

    We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.


    Why?

    Your bridge and culvert cover has been updated to provide clarity around what is covered under your Home policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your home.

    Please contact FMG if:

    - You have a bridge or culvert that is not on the main access way to your home that you would like covered.

    - The bridge or culvert on the main access way to your home is worth more than $50,000.

    - The bridge or culvert that is on the main access way to your home also provides access to your farm or commercial workplace.

    Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

    When?

    This change affects all policies renewing on or after 01 May 2024.

    Page and Clause What has changed? Why has it changed?
    Throughout the policy We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023. Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.
    There is no change in your FMG cover.
    Page 10, 3.10 We cover your culverts and bridges

    Page 25, definitions of ‘Home’ and ‘Section’     		We have updated your coverage for bridges and culverts.

    Your bridge and culvert cover has been updated to provide clarity around what is covered under your Home policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your home.

    Please contact FMG if:
    - You have a bridge or culvert that is not on the main access way to your home that you would like covered.
    - The bridge or culvert on the main access way to your home is worth more than $50,000.
    - The bridge or culvert also provides access to your farm or commercial workplace.

    Page 26 – Definition of ‘Natural Hazard’ We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition. These amendments are to match the Natural Hazards Insurance Act 2023.  
    There is no change in your FMG cover.