Hi all - good to see this forum exists!
I'm applying for personal insurance for my own house and contents, but I'm unsure about how to answer a question in the application form. I'd like to be completely honest in my application, but I also don't want insert unnecessary information that would potentially prevent me getting insurance.
The application form asks if I have experienced any loss in the last five years, and also *any* (their emphasis) loss of $5000 or more to *any* property?
As it turns out, about four years ago, a body corporate which I owned a flat in was damaged in a weather-related event, and a claim was made by the body corporate which resulted in about $5900 of repairs.
My question is, do I have to declare this on the application form - given it was the body corporate who experienced the loss, and the body corporate who was the insured party? And if I did have to declare it, what would be the "loss" to me? (Would it be be $5900 divided by the number of flats, which of course would now be much less than the $5000 limit).
My apologies if this is a legal question - I'm quite happy to ask a lawyer. But maybe this is a straightforward question with a simple answer that people with personal experience can share.
Thanks, Linda W
Auckland
I'm applying for personal insurance for my own house and contents, but I'm unsure about how to answer a question in the application form. I'd like to be completely honest in my application, but I also don't want insert unnecessary information that would potentially prevent me getting insurance.
The application form asks if I have experienced any loss in the last five years, and also *any* (their emphasis) loss of $5000 or more to *any* property?
As it turns out, about four years ago, a body corporate which I owned a flat in was damaged in a weather-related event, and a claim was made by the body corporate which resulted in about $5900 of repairs.
My question is, do I have to declare this on the application form - given it was the body corporate who experienced the loss, and the body corporate who was the insured party? And if I did have to declare it, what would be the "loss" to me? (Would it be be $5900 divided by the number of flats, which of course would now be much less than the $5000 limit).
My apologies if this is a legal question - I'm quite happy to ask a lawyer. But maybe this is a straightforward question with a simple answer that people with personal experience can share.
Thanks, Linda W
Auckland
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