Breez Insurances

GENERAL

Dwelling and Contents
Your buildings and/or your contents as set out in your insurance policy schedule are insured if they are destroyed, lost or damaged. They are insured only if you own them, or are liable for them. If you only insure your buildings, the cover provided for destruction, loss or damage does not apply to your contents. If you only insure your contents, the cover provided for destruction, loss or damage does not apply to your buildings.

Strata Title Mortgagee Protection
This insurance applies when you own part of a building that has been subdivided, usually into strata title units, and you have a mortgage on that part of the building. The insurer covers the part of the building that you own for any accidental damage or accidental loss.

The insurer generally pays up to the amount you owe on your mortgage but no more than the sum insured shown on your insurance schedule, and is payable directly to your mortgagee in full following a loss. This insurance is only payable when the body corporate has not insured the buildings, or it has not insured the buildings for the amount required by the mortgage.
 
Landlords Insurance
 Insurance is available for rent default, malicious damage and theft by a tenant. Generally this sort of policy covers:

• defaults on rent or leaves the building before the end of the rental period, or is legally evicted
  
• theft by tenants and legal costs you incur in taking action against them
  
• for malious damage to your property by your tenants or their visitors
  
  

INCOME PROTECTION

Being off work for an extended period can have devastating effects on any household or business as often income is relied upon to pay off loans, cars, children’s education as well as the general household bills.
 
What would happen if you became ill or were injured and couldn't work for an extended period of time? Would you be able to meet your financial commitments without your regular income?
 
If you became ill and were unable to work and maintain that cash flow, you may be unable to meet your living expenses, bills, mortgage, or car payments. What effect would this have on you and your family?

With the right cover you may receive income protection cover for up to 75% of your gross income (net of business expenses) if you are unable to work due to sickness or injury. This is in addition to workcover (should you be entitled to workcover), would help you get back on your feet.


LIFE INSURANCE

So you think Life Insurance is a waste of money, or something you can put off till tomorrow? Though we tend to think of death as something that happens in our old age, the truth is that sudden death happens to people who least expect it.

If you have a family who is financially dependent on you and/or have debts that are serviced from your income, you should consider the benefits that life insurance would bring in the unfortunate event of death. Obviously, the greater your financial obligations and the more dependants you have, the more life insurance you may need to protect your assets and your family's financial security.

No one expects to die suddenly. Indeed, you probably know someone who has died suddenly. The death of a loved one can place an enormous strain on a family both emotionally and financially. Have you considered how your family would cope financially, if you were no longer around? Life insurance is affordable, and may also be provided via a Superannuation plan. Even though this plan does not have a savings element it may be a tax effective way to meet your insurance needs.

You can take steps now to minimise the financial hardship that your death may cause. By ensuring you have adequate life insurance today, you will not leave your family's financial future to chance.

In the Event of Disability
If you were to become disabled, how would your life be affected? Your day to day expenses would continue and you may also have the additional costs of unexpected hospital bills and possible expensive rehabilitation programs. And if you were unable to meet your mortgage repayments, you could end up losing your home. You can protect yourself and your family, not only from the impact of your death, but from the financial turmoil that could occur if you were to become disabled. Total and Permanent Disablement insurance provides a lump sum payment in the event of the life insured becoming totally and permanently disabled.


LOAN PROTECTION

Purchasing a home is one of the biggest commitments you can make, so it makes sense to proptect it.

Now you can protect your loan at an affordable cost. Loan repayment insurance allows you to cover all or part of your loan repayment, providing you with the security of knowing that if something unforeseen happens, your major commitment will be taken care of. Loan protection insurance has a period of 5 years, however the policy cover ceases if you pay out your insured loan.

Disablement
If you can't work due to illness or injury, loan protection insurance pays a specified amount selected to cover your loan repayment. Even if your loan repayment reduces at some stage, you will still be paid the original amount selected. The claim repayments continue until you are able to return to work or the claim reaches its benefit limit of 30 months or the policy limit.

Involuntary Unemployment
Should you become involuntarily unemployed, you will be provided with temporary assistance while you are in search of employment. Your claim payments cover your loan repayments (conditions apply), for a maximum of 180 days. One claim can be made in any 12-month period.

Life Cover 
This life insurance cover pays out upon your death. The payment is made to your lender for application to the loan balance.


TRAUMA INSURANCE

Most people do not have adequate savings set aside to pay for medical and rehabilitation, or daily living expenses when a sudden trauma occurs. Both income earners, or at least the major bread winner, should have trauma insurance to protect their family’s financial security.

Trauma Insurance may protect your family's financial needs by paying a lump sum in the event you suffer one of a comprehensive list of medical conditions, including heart attack, stroke and certain cancers.


MOTOR VEHICLE

Comprehensive Cover
Comprehensive Cover covers accidental loss or damage, fire, theft or attempted theft, malicious damage or storm damage to your vehicle. Additionally, it covers legal costs and damage to other people’s property caused by your vehicle.

Third Party Vehicle Property Damage Cover
Third party insurance covers the amounts legally payable to another person to compensate for loss of or damage to their property.