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13 August 2020
In the event of a school closure students may need to take portable electronic devices such as laptops and Chromebooks, home. Here we explain what this means for your contents cover.
These items owned by the school, or for which the school is legally responsible, will be covered under your contents policy. However there are a number of terms and conditions to be aware of.
Should you have any queries or wish to discuss any other impacts that could affect your material damage/ business interruption risks please do not hesitate to contact us.
Policy clauses mentioned above for reference:
MD39 temporary removal
This policy covers any Insured Property (except Stock) while temporarily removed to any place in New Zealand and while in transit
The amount recoverable under this clause shall not exceed the amount which would have been recoverable has the Loss or Damage occurred at the Location from which the Insured Property is temporarily removed providing that the property is not otherwise insured.
Policy exclusion 19 does not apply to this clause.
Means removal from the Location for the particular purpose with the intention that the property be returned to the place from which it had been removed once that purpose has been served
The location definition includes the following limit:
g) Any premises anywhere else in New Zealand where any Insured Property is located, limited to 20% of the sums insured to the maximum of $100,00.
20. Unexplained shortage
This policy does not cover unexplained disappearance or inventory shortages revealed only at stocktaking or shortages due to accounting or clerical errors except where covered under the Money clause.
GC05 Due Precautions
The insured shall take all ordinary and reasonable precautions for the safety of the Insured Property.