Residential Strata - Allianz Highlights
	Residential Strata - Zurich Highlights

Millennium Underwriting Agencies
Residential Policy

Frequently Asked Questions

1. Are carpets, curtains and light fittings covered within my unit covered?
   No, a separate policy should be taken out to cover these items.
   
   
2. Are fitted kitchen cupboards, wardrobes and bathroom vanities covered?
   Yes, items that are fixed and not removed when the property is vacated will be covered.
   
   
3. How do I ensure that the sum insured is enough for full replacement value?
   You should obtain a valuation from a licensed valuer to ensure that the sum insured is adequate.
   
   
4. Does the policy cover the Corporations Liability?
   Yes, liability cover of $20,000,000 is included. Unlike many other Strata policies available in the market the Millennium policy also provides cover for the liability of Proprietors and/or Members as well as the Corporation.
   
   
5. What happens if there is a fire and my tenant has to move out and my rent income ceases?
   The policy provides for loss of rent – to a maximum of 15% of the sum insured.
   
   
6. Is flood cover included?
   Not normally included but the policy can be extended subject to acceptance from the Insurer.
   
   
7. I have a fixed air conditioner and the motor has burnt out, is this covered?
   Yes, motors up to 4 kw and less than 20 years old are covered by the policy.

PLEASE NOTE: The forgoing is a brief summary of highlights and benefits only of the policies provided. Before making any decisions in relation to this product, please refer to the product disclosure statement and policy wording, paying particular attention to the exclusions which may apply.