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- Judgements which are not in the first instance delivered by or obtained from a court of competent jurisdiction within the geographical area.

· Loss or damage caused after the home is left unfurnished or unoccupied for more than 40 consecutive days or while the buildings are lent, let or sub-let.

until your home is fit to be occupied again. The work of repair or reinstatement must be done without delay. The most we will pay is the amount shown on your current schedule.

SETTLING CLAIMS

New for Old

We will pay the full cost of repair or replacement as new of the contents lost or damaged or at our option, we will replace the contents with the same or similar articles or arrange for the repair work to be carried out. However, we will take off an amount for wear and tear and depreciation:

· for clothing and linen;

· if at the time of the loss or damage the sum insured does not represent the full cost of replacement of the contents as new less and allowance for wear and tear and depreciation in respect of clothing and linen.

· if you do not repair or replace the contents.

We will automatically reinstate the sum insured from the date of the payment of any claim and bill you the appropriate extra premium unless written notice to the contrary is given by you or by us.

Amounts payable

The maximum amount payable in respect of any one incident is the sum insured less any excess. Items of electronic equipment and valuables will be limited to $1,000 for any one item and $2,500 in total unless specified in your current schedule. Money is limited to $500 in any one insurance year.

Underinsurance

This occurs when the sum insured is less than the current replacement value of your contents. In this instance, we will pay only a proportion of the cost of replacement up to a maximum of the sum insured. In this section, the value of your contents is the current replacement cost at the time of loss or damage.

We will work out the proportion in this way:

Sum Insured The Amount of The Amount payable

Current cost X repair or replacement = by us.

replacement cost to your contents

We will not apply this formula if the cost of replacement is less than 5% of the sum insured and the loss or damage did not arise as a result of a peril listed in paragraphs 7, 8 & 9 in this section.

SECTION III

ALL RISK COVER FOR PERSONAL POSSESSIONS

What is insured

Accidental loss or damage to items specified in the schedule and owned by any member of your household. This cover applies anywhere in the West Indies and for up to 60 days worldwide in any one period of insurance.

What is not insured

· Any one article held or used solely for business or professional purposes.

· Loss or damage by rusting, bursting or derangement of firearms.

· Damage to watches or clocks caused by overwinding, denting or internal damage of watches or clocks (other than caused by fire or thieves).

· Loss of charms from bracelets unless the charms are soldered to the bracelet.

· Loss or damage to sports equipment while in play.

· Equipment for watersports, motor vehicles, trailers, caravans, boats, vessels, aircraft and their respective accessories.

ADDITIONAL CONDITIONS APPLYING TO SECTION III

It is a condition of this insurance in respect of any single item of jewellery with a sum insured of $2,500 or greater, that the settings and or fastenings of any such item shall be examined by a competent jeweller at least once during each year of insurance and any defect remedied forthwith.

In the event of a claim, the onus of proving that this condition was complied with shall be upon you.

GENERAL EXCLUSIONS APPLYING TO SECTION III

Loss or damage from any of the following:

- wear and tear or gradual deterioration.

- cleaning, repairing, washing, dyeing or alteration, heating, restoring or renovating.

- vermin, insects, domestic pets, mildew or fungus.

- breakdown.

- nationalisation or confiscation by any authority.

- deception unless it is only entry into your home that is gained by deception.

- climatic and/or atmospheric conditions and/or extremes of temperature (except loss or damage covered by fire).

- scratching, denting, faulty workmanship or design, use of faulty materials.

- property whilst left in an unattended vehicle.

SETTLING CLAIMS

We will pay the cost of repair or replacement of the article lost or damaged less an amount for wear and tear and depreciation in respect of clothing and furs or at our option we will replace the articles or arrange for its repair.

The most we will pay is the sum insured by this section. All items in the schedule must be supported by a recent valuation by a competent jeweller. This means that the amount shown is accepted by you, and by us, as being the true value of the item as at the date of valuation. In respect of sports equipment and pedal cycles we will pay the resale market value only.

We will pay the proportionate part of the sum insured for loss or damage to items forming part of a pair or set.

The sum insured will not be reinstated automatically after the payment of any claim, for any item of specified personal possessions which have been totally lost or destroyed. If further insurance is required for replacement items, you must advise us accordingly.

MAKING A CLAIM UNDER THIS POLICY

Before we can give you any of the insurance cover described in this policy, you must promptly:

· complete our claim form, and

· take or mail it to our office

You do not have to pay the excess to lodge a claim. However, you will have to pay any excess before we will pay your claim. We will tell you when and how the excess must be paid. This depends on the circumstances of your claim.

It is important to remember that a claim made by any one of the persons named as the insured in the current Policy Schedule is a claim by all of them.

You should not repair or replace any property lost or damaged, unless temporary repairs are needed to prevent further damage, prior to us having the opportunity to see the damage.

You should notify us of all claims against you for any injuries or damage sustained by a third party or domestic employee. All correspondence or other documents received should be sent to us immediately and we will act on your behalf.

Mortgagee’s rights

If you have taken out a mortgage on your home, the mortgage company will require you to assign the policy to them as security over the mortgage loan. The cover described in Section I extends to the mortgagee. The exclusions and conditions to Section I also apply to the mortgagee.

A payment under this section to the mortgagee will discharge our obligation to you for the amount paid.

If we make a payment to the mortgagee under this section of the policy, we may try to recover the amount of that payment. We will do this in either your name or the mortgagee’s name.

In the event of a claim, any benefits which this section gives a mortgagee depend on them giving us any information and help we require.

WHAT YOU MUST PAY IF YOU MAKE A CLAIM UNDER THIS POLICY – THE EXCESS

For most claims you make on this policy you will have to pay an excess. The excess amount is shown on your current Policy Schedule. There are three types of excess:

Basic Excess

This is the first amount you will have to pay under Sections I & II, for buildings and contents, for all losses arising out of one occurrence from any insured peril excluding fire, lightning, explosion, thunderbolt, subterranean fire, earthquake, volcanic eruption, hurricane, windstorm, rainstorm, cyclone, tornado, flood, seaquake, tidal wave and overflow of the sea, loss of money and replacement of door locks.

Valuables Excess

This is the first amount you will have to pay under Section III, for personal possessions. This excess will not apply if either one of the basic or catastrophe excesses apply.

Catastrophe Excess

This is the first amount you will have to pay for all claims arising out of one event under Sections I & II for all losses arising out of one occurrence from the following insured perils: hurricane, windstorm, rainstorm, earthquake, seaquake, tidal wave, volcanic eruption, cyclone, tornado, flood and overflow of the sea.

The catastrophe excess stated in your current schedule will apply to each occurrence giving rise to loss or damage. For the purpose of this excess an incident shall not be considered to have terminated until there has been (72) seventy-two consecutive hours freedom from the event. After this period, the catastrophe excess shall apply afresh.

All excesses will apply to the insured property at each location. All insured property at the same address will be regarded as one location.

MAKING CHANGES TO THIS POLICY

If you want to make a change to any information on your current Policy Schedule, the change becomes effective when we tell you we agree to it by giving you a notice.

Notices

Any notice we give you will be in writing. It will be effective if it is delivered to you personally or if it is delivered or posted to your last known address. It is important for you to tell us of any change of address as soon as possible.

Cancelling this policy

There are two ways to cancel this policy:

If we cancel this policy we will do so by giving you 7 days notice by registered mail to your last known address. We will deduct from the premium you have paid us an amount to cover the period for which you have been insured by us and refund to you what is left.

You may cancel this policy by telling us in writing. If you cancel, we will deduct from the premium you have paid us an amount which covers the period for which you have been insured with us. We will refund to you what is then left of the premium.

CONDITIONS WHICH APPLY TO THE WHOLE POLICY

In the following conditions 'You' also includes any other person insured under the policy.

Policy terms and conditions

You and members of your household covered under this policy must comply with its terms and conditions otherwise we may refuse a claim.

Precautions

You must take all reasonable steps to prevent loss, damage or accident and maintain the insured property in a sound condition and good repair.

False information

If you or anyone acting for you makes a claim under this policy knowing the claim to be false, We will not pay the claim and all cover under the policy ceases.

Cancellation

You may cancel the policy by giving us written instructions and you will receive a refund for the unexpired portion of the premium. We may also cancel the policy or any section or part of it by giving you 7 days notice by registered mail to your last known address. In both cases we will deduct from the premium you have paid us an amount to cover the period for which you have been insured by us and refund to you what is left. If you make a claim for more than 10% of the sum insured during any period of insurance you will not be entitled to a refund of premium for that period.

Arbitration

If we admit liability for a claim and there is a dispute for the amount to be paid, the dispute will be referred to an arbitrator who is acceptable to both parties involved. You may not take legal action against us before the arbitrator has reached a decision.

Legal personal representatives

If you die we will insure your legal personal representatives for any liability you had previously incurred under the policy provided they keep to the terms of the policy.

Changes in the risk

You must tell us of any change of circumstances after the start of the insurance which increases the risk of loss, injury or damage. You will not be insured under the policy until we have agreed in writing to accept the increased risk.

Other insurance

If any loss, damage or legal liability covered under this policy is also covered by any other insurance we will not pay more than our rateable proportion of any claim.

Notification of a claim

When you become aware of a possible claim under this policy, you must notify us in writing without delay. If there has been theft, attempted theft, vandalism or any malicious act you must also advise the Police immediately.

You must at your own expense provide us with all details and evidence we request, including written estimates and proof of ownership or value. Any writ, summons or other legal document served on you or any member of your household in connection with a possible claim must be sent to us immediately. You must not answer any correspondence without our consent.

Conduct of the claim

You must give whatever information or assistance we request and must not admit, deny or negotiate any claim without our written consent.

No property may be abandoned to us.

Subrogation

Before or after we pay your claim under this policy you must, if we ask you, take, or allow us to take in your name, all steps needed to enforce your rights against any other person. We will pay any costs and expenses involved and all salvage items or whatever is left of them will become our property.

More than one home

When more than one home is insured the terms and conditions of the policy shall apply as if each is separately insured.

EXCEPTIONS WHICH APPLY TO THE WHOLE POLICY

This policy does not cover

War risks

Any event arising from war, invasion, act of foreign enemy, hostilities, warlike operations (whether war is declared or not), civil war, mutiny, civil commotion, rebellion, revolution, insurrection, military force or coup.

Terrorism

Any act of terrorism means the use of violence for political ends and includes any use of violence for the purpose of putting the public or any section of the public in fear.

The term terrorism means the use of violence for political ends and includes any use of violence for the purpose of putting the public or any section of the public in fear.

Sonic bangs

Loss or damage arising directly from pressure waves caused by aircraft and other aerial devices travelling at sonic or supersonic speeds.

Consequential losses

Consequential loss of any kind or description incurred by you or your household.

Radioactive contamination

Any expense, consequential loss, legal liability or loss of or damage to any property or bodily injury directly or indirectly caused by or arising from or contributed to by:

(a) Ionising radiation or contamination by radio activity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel;

(b) The radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component of it;

Existing damage

Any loss or damage occurring before cover commences.

Wear and tear

Wear and tear or any gradually operating cause.

Jurisdiction

This policy does not provide any indemnity in respect of judgements or arbitration awards which are not in the first instance delivered by or obtained from a court of competent jurisdiction or arbitration within the Geographical Area.

Contamination and Pollution

This policy does not cover any liability for personal injury or bodily injury or loss of, damage to or loss of use of property directly or indirectly caused by seepage, pollution or contamination. The policy also does not cover the cost of removing nullifying or cleaning-up seeping, polluting, or contaminating substances, fines, penalties, punitive or exemplary damages.