Excess

The SGIC Landlord Insurance Premium, Excess, Discounts & Benefits Guide should be read with the SGIC Landlord Insurance Product Disclosure Statement and Policy Booklet (PDS) Edition 1, dated 1 June 2009.

Landlord Insurance Premium, Excess, Discounts & Benefits Guide (PDF) effective for all policies taken out and renewing from 16 August 2010.

Landlord Insurance Premium, Excess, Discounts & Benefits Guide (PDF) effective for all policies taken out and renewing from 9 January 2012.

For the complete list of guides, please find them at the bottom of this page or go to the Premium, Excess, Discounts & Benefits guide section.

Basic excess

If you make any type of claim you must pay any basic excess that applies. You do not have to pay an excess if you make a liability claim.

In addition to the basic excess, we will also deduct four times the weekly rental amount that is listed on your rental agreement for the following events:

• Theft or attempted theft - by a tenant or their guest
• Vandalism or a malicious or intentional act - by a tenant or their guest.

If you choose a higher basic excess on your policy, you can decrease your premium.

Your basic excess amount will be shown on your current Certificate of Insurance.

What are the choices of basic excess for Landlord Insurance?

You can choose one of the following amounts as your basic excess:

• $100
• $200
• $300
• $500
• $750
• $1000

Earthquake excess

If under Buildings Insurance you make a claim for loss or damage as a result of the listed event of earthquake, you must pay the earthquake excess of $500, or the basic excess, whichever is higher.

Rent default excess

If you make a claim for rent default only, you must pay a $300 rent default excess instead of the basic excess. If you make a claim for more than just rent default, you will need to pay a $300 rent default excess in addition to any other excess that applies.

In addition to the rent default excess, we will also deduct four times the weekly rental amount that is listed on your rental agreement.

Flood excess

If you have chosen the Flood option and make a flood claim, you must pay the flood excess or the basic excess, whichever is higher. The flood excess applicable to your policy will be shown on your current Certificate of Insurance.

Special excess

We may apply a special excess for one of the listed events. A special excess is payable in addition to your basic excess.

Any special excess applicable to your policy will be shown on your current Certificate of Insurance.