Guild Insurance
Established in 1963, Guild Insurance has grown from a small business focused purely on the pharmacy industry, into a multi-faceted business dedicated to protecting Australian professionals.
They have continued to evolve our insurance products and core industries. Today, Guild Insurance now offers our customer’s a variety of commercial and personal insurance products and legal support. They are an Australian Prudential Regulation Authority (APRA) regulated insurer with an A.M. best rating of A- positive outlook.
Building Policy
Cover
| Risk | Covered? | Some examples of main conditions and exclusions (see PDS and other relevant policy documentation for details) |
| Fire and Explosion | Yes | Excludes damage caused by bushfire or grassfire within 48 hours of commencement of policy unless certain conditions are met. |
| Flood | Optional | Cover is included only if shown on the schedule. Some exclusions apply, eg damage to retaining walls, paths, driveways, trees, shrubs or plants. |
| Storm | Yes | Some exclusions apply, eg damage to retaining walls, paths, driveways, trees, shrubs or plants. |
| Accidental Breakage | Partial | Accidental breakage of fixed glass, mirrors, skylights, shower bases, basins, sinks, baths, spas, toilet bowls or cisterns. Refer to PDS for exclusions. |
| Earthquake | Yes | Excludes loss or damage due to erosion, landslide or subsidence occurring more than 72 hours after the earthquake. |
| Lighting | Yes | Excludes damage caused by scorching, arcing or heat damage that happens without flames. |
| Theft and Burglary | Yes | Excludes theft or burglary by any person who lives with you or by your tenants. Cover for theft by your tenants is an additional benefit under ‘Landlords cover’. |
| Actions of the Sea | No | Not covered other than damage caused by a tsunami resulting from earthquake |
| Malicious Damage | Yes | Excludes acts by you, any person who lives with you or by your tenants. Cover for damage by your tenants is available under ‘Landlords cover’. |
| Impacts | Yes | Excludes impact by a tree lopped by you or on your behalf or impact by an animal kept at your address. |
| Escape of Liquid | Yes | Covers specific listed events only – refer to PDS. Excludes cost of repairing or replacing the item from which the liquid escaped. |
| Removal of Debris | Yes | Additional benefit limited to 15% of the sum insured for your home. Excludes removal of fallen trees where no damage to your home has occurred. |
| Alternative Accomodation | Yes | Emergency accommodation for up to 7 days or $2,000. Temporary accommodation up to 12 months or 20% of the sum insured for your home. |
Limits
This policy has restrictions that limit your cover for certain events and items, eg electric motors over 10 years old. To find out these limits you need to read the PDS and other relevant policy documentation.
Excesses
If you make a claim, the excess is the amount you may have to pay for each incident. A number of different excesses may apply in respect to this policy. You may be able to increase these excesses to lower your premium. For more detail, please read the PDS and other policy documentation.
Legal liability
This policy covers your legal liability when you are found to be legally responsible for damage or personal injury to a third party or their property. It is limited to $20 million. You should read the PDS carefully to determine the extent of this cover.
Cooling off period
If you decide you don’t want this policy within 21 days of it being issued and you haven’t made a claim, you can cancel it and receive a refund.
Maximum level of cover offered by insurers
Insurers offer different maximum levels of cover in the event of the loss or destruction of your home including where:
- you set the maximum level of cover and your payout is limited to that amount (Sum insured).
- you set the maximum level of cover and the insurer may provide you with some agreed extra cover above that
- amount (Sum insured plus safety net).
- the insurer will cover all the reasonable costs to rebuild your home (Total replacement).
Contents Policy
Cover
| Risk | Covered? | Some examples of main conditions and exclusions (see PDS and other relevant policy documentation for details) |
| Fire and Explosion | Yes | Excludes damage caused by bushfire or grassfire within 48 hours of commencement of policy unless certain conditions are met. |
| Flood | Optional | Cover is included only if shown on the policy schedule. |
| Storm | Yes | |
| Accidental Breakage | Partial | Accidental breakage of fixed glass forming part of furniture, excluding glass in sound equipment, TV sets and computers. |
| Earthquake | Yes | Excludes loss or damage due to erosion, landslide or subsidence occurring more than 72 hours after the earthquake. |
| Lightning | Yes | Excludes damage caused by scorching, arcing or heat damage that happens without flames. |
| Theft and Burglary | Yes | Excludes theft or burglary by any person who lives with you or by your tenants. Cover for theft by your tenants is an additional benefit under ‘Landlords cover’. |
| Actions of the Sea | No | Not covered other than damage caused by a tsunami resulting from earthquake. |
| Malicious Damage | Yes | Excludes acts by you, any person who lives with you or by your tenants. Cover for damage by your tenants is available under ‘Landlords cover’. |
| Impacts | Yes | Excludes impact by a tree lopped by you or on your behalf or impact by an animal kept at your address. |
| Escape of Liquid | Yes | Covers specific listed events only – refer to PDS. Excludes cost of repairing or replacing the item from which the liquid escaped. |
| Cover for valuables, collections and items away from the insured address | ||
| High Value Items and Collections | Yes | Limits apply to some items unless insured for higher amounts as specified items, eg personal property $1,500 per item, collections $2,500 per item. |
| Items away from Insured Address | Yes | Anywhere in Australia while temporarily removed for up to 90 days. Limit of $1,500 per item. Conditions and exclusions apply. |
Limits
This policy has restrictions that limit your cover for certain events and items, eg contents temporarily removed for more than 90 days. To find out these limits you need to read the PDS and other relevant policy documentation.
Excesses
If you make a claim, the excess is the amount you may have to pay for each incident. A number of different excesses may apply in respect to this policy. You may be able to increase these excesses to lower your premium. For more detail, please read the PDS and other policy documentation.
Legal liability
This policy covers your legal liability when you are found to be legally responsible for damage or personal injury to a third party or their property. It is limited to $20 million. You should read the PDS carefully to determine the extent of this cover.
Cooling off period
If you decide you don’t want this policy within 21 days of it being issued and you haven’t made a claim, you can cancel it and receive a refund.
Maximum level of cover offered by insurers
Insurers offer different maximum levels of cover in the event of the loss or destruction of your contents including where:
- you set the maximum level of cover and your payout is limited to that amount (Sum insured).
- you set the maximum level of cover and the insurer may provide you with some agreed extra cover above that
- amount (Sum insured plus safety net).
Building Policy
Cover
| Risk | Covered? | Some examples of main conditions and exclusions (see PDS and other relevant policy documentation for details) |
| Fire and Explosion | Yes | Excludes damage caused by bushfire or grassfire within 48 hours of commencement of policy unless certain conditions are met. |
| Flood | Optional | Cover is included only if shown on the schedule. Some exclusions apply, eg damage to retaining walls, paths, driveways, trees, shrubs or plants. |
| Storm | Yes | Some exclusions apply, eg damage to retaining walls, paths, driveways, trees, shrubs or plants. |
| Accidental Breakage | Yes | Covers accidental loss or damage not otherwise excluded. Refer to PDS for specific exclusions. |
| Earthquake | Yes | Excludes loss or damage due to erosion, landslide or subsidence occurring more than 72 hours after the earthquake. |
| Lightning | Yes | |
| Theft and Burglary | Yes | Excludes theft or burglary by any person who lives with you or your tenants. Cover for theft by your tenants is an additional benefit under ‘Landlords cover’. |
| Actions of the Sea | No | Not covered other than damage caused by a tsunami resulting from earthquake. |
| Malicious Damage | Yes | Excludes acts by you, any person who lives with you or your tenants. Cover for damage by your tenants is available under ‘Landlords cover’. |
| Impacts | Yes | Excludes impact by a tree lopped by you or on your behalf or impact by an animal kept at your address. |
| Escape of Liquid | Yes | |
| Removal of Debris | Yes | Additional benefit limited to 15% of the sum insured for your home. Excludes removal of fallen trees where no damage to your home has occurred. |
| Alternative Accomodation | Yes | Emergency accommodation for up to 7 days or $2,000. Temporary accommodation up to 12 months or 20% of the sum insured for your home. |
Limits
This policy has restrictions that limit your cover for certain events and items, eg electric motors over 10 years old. To find out these limits you need to read the PDS and other relevant policy documentation.
Excesses
If you make a claim, the excess is the amount you may have to pay for each incident. A number of different excesses may apply in respect to this policy. You may be able to increase these excesses to lower your premium. For more detail, please read the PDS and other policy documentation.
Legal liability
This policy covers your legal liability when you are found to be legally responsible for damage or personal injury to a third party or their property. It is limited to $20 million. You should read the PDS carefully to determine the extent of this cover.
Cooling off period
If you decide you don’t want this policy within 21 days of it being issued and you haven’t made a claim, you can cancel it and receive a refund.
Maximum level of cover offered by insurers
Insurers offer different maximum levels of cover in the event of the loss or destruction of your home including where:
- you set the maximum level of cover and your payout is limited to that amount (Sum insured).
- you set the maximum level of cover and the insurer may provide you with some agreed extra cover above that
- amount (Sum insured plus safety net).
- the insurer will cover all the reasonable costs to rebuild your home (Total replacement).
Contents Policy
Cover
| Risk | Covered? | Some examples of main conditions and exclusions (see PDS and other relevant policy documentation for details) |
| Fire and Explosion | Yes | Excludes damage caused by bushfire or grassfire within 48 hours of commencement of policy unless certain conditions are met. |
| Flood | Optional | Cover is included only if shown on the policy schedule. |
| Storm | Yes | |
| Accidental Breakage | Yes | Covers accidental loss or damage not otherwise excluded while contained in your home. Refer to PDS for specific exclusions. |
| Earthquake | Yes | Excludes loss or damage due to erosion, landslide or subsidence occurring more than 72 hours after the earthquake. |
| Lightning | Yes | |
| Theft and Burglary | Yes | Excludes theft or burglary by any person who lives with you or by your tenants. Cover for theft by your tenants is an additional benefit under ‘Landlords cover’. |
| Actions of the Sea | No | Not covered other than damage caused by a tsunami resulting from earthquake. |
| Malicious Damage | Yes | Excludes acts by you, any person who lives with you or by your tenants. Cover for damage by your tenants is available under ‘Landlords cover’. |
| Impacts | Yes | Excludes impact by a tree lopped by you or on your behalf or impact by an animal kept at your address. |
| Escape of Liquid | Yes | |
| Cover for valuables, collections and items away from the insured address | ||
| High Value Items and Collections | Yes | Limits apply to some items unless insured for higher amounts as specified items, eg personal property $2,500 per item, collections $2,500 per item. |
| Items Away from Insured Address | Yes | Anywhere in Australia while temporarily removed for up to 90 days. Limit of $2,500 per item. Conditions and exclusions apply. |
Limits
This policy has restrictions that limit your cover for certain events and items, eg contents temporarily removed for more than 90 days. To find out these limits you need to read the PDS and other relevant policy documentation.
Excesses
If you make a claim, the excess is the amount you may have to pay for each incident. A number of different excesses may apply in respect to this policy. You may be able to increase these excesses to lower your premium. For more detail, please read the PDS and other policy documentation.
Legal liability
This policy covers your legal liability when you are found to be legally responsible for damage or personal injury to a third party or their property. It is limited to $20 million. You should read the PDS carefully to determine the extent of this cover.
Cooling off period
If you decide you don’t want this policy within 21 days of it being issued and you haven’t made a claim, you can cancel it and receive a refund.
Maximum level of cover offered by insurers
Insurers offer different maximum levels of cover in the event of the loss or destruction of your contents including where:
- you set the maximum level of cover and your payout is limited to that amount (Sum insured).
- you set the maximum level of cover and the insurer may provide you with some agreed extra cover above that amount (Sum insured plus safety net).
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