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Understanding Our New
Apia Apartment Style Residence Insurance PDS
Introducing the new Apia Apartment Style Residence Insurance Product Disclosure Statement (PDS) for policies renewing on or after 23 March 2021. The PDS contains important information you need to know about your Apia insurance product, please ensure you read it carefully.
We’ve changed the layout of the PDS to help make it easier to understand. And we have also made other changes to the policy – we have added and changed covers and we have added and changed exclusions and conditions.
Below are some examples of things we have changed:
- Extra support (new section in your PDS)
- Your responsibilities
- When you need to contact us about changes (we have expanded the situations when you need to contact us)
- Excess (when and how to pay)
- What apartment, apartment building and contents not in good condition means
- Things we don’t cover
- Temporary accommodation cover after an insured event
- How we settle your claim
- Joint policyholders
- Conduct of others (new section in your PDS)
For full details, please refer to your PDS.
Several changes have been made to the ‘Your responsibilities’ section, including the below.
The reference to ‘take reasonable care’ to prevent theft, loss, damage or legal liability has been replaced with ‘take steps’. Ensuring there are working smoke detectors in the apartment is given as an example of a step you can take.
The information above is not a complete list of the changes to your Apia Apartment Style Residence Insurance. For full details of what is and isn’t covered, please read the Apia Apartment Style Residence Insurance Product Disclosure Statement (PDS). Consider the PDS before making a decision about this insurance