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Tennis Australia Insurance - Property

National Insurance Program

Emerging from COVID-19

General Property Insurance

Who insures this policy?

The policy is issued by ATC Insurance Solutions Pty Ltd (ACN 121 360 978, AFS Licence No. 305802) acting under a binder as an agent of the insurer, certain underwriters at Lloyd's of London.

Period of insurance

31st December 2020 to 30th September 2021

This insurance cover only relates to the period noted above. If this insurance cover is cancelled or renewed, the information on this website will be updated accordingly. In the absence of such notification do not assume that the policy has or will be renewed unless Tennis Australia has advised accordingly.

Who is Covered under this policy?

Current  Business Package coach members of Tennis Australia ONLY.

Policy Territory:                                     

Worldwide          

What is covered?                                                                           

Tennis equipment owned by the insured (including any accessories or carrying cases) which is lost or damaged from a sudden or unforeseen accident including theft from a securely locked building or vehicle. The basis of settlement for losses is outlined below and the full policy terms and conditions available in the policy wording is provided below.

Item Insured

Sum Insured

Unspecified Tennis Equipment for Any One Loss               

$5,000

Excess Payable (each and every claim)

For claims up to an including $2,500

For claims up to an including $2,500

 

$80

$150

 

Additional benefit:        

Equipment Hire:  In the event of a claim under the General Property we will pay to the Insured person the cost of temporary hire of equipment.

Limit $500 each and every claim

Loss of Property: The insurer will pay for a loss of property insured anywhere in Australia and worldwide for 21 days.

Co-Insurnace: Co-Insurance will not apply to cover under the policy.

Policy Wording Applicable:

The "General Property" Cover only provided in that section of ATC Business Pack Wording V1.0 [WRD 106].

If you require cover under other Policy sections, please contact Marsh to discuss your options.

Please refer to the information below and policy wording for a complete list of policy conditions and exclusions, or call Marsh on 1300 130 373 to have a copy sent to you.

EXCLUSIONS

Flood Exclusion - It is hereby noted that under Fire and Perils section Cover 5, Flood is removed and deleted from this policy.

Additional Exclusion - Theft without forcible and violent entry to locked premises or vehicles containing the property.

BASIS OF SETTLEMENT

If the Tennis Equipment that suffers Loss was purchased new, and is not older than 4 years and 364 days at the date of the Loss, the Insurer at their option:

  • May replace the Tennis Equipment with new Tennis Equipment; or
  • May repair the Tennis Equipment to a condition equal to, but not better or more expensive than, its condition when new; or
  • May pay the Insured Person the cash equivalent for the costs of a) or b), whichever the lesser. If the Insured Person has requested a cash payment We shall pay no more than what it would costs Us to replace or repair the item, less any discounts available to us.

If the Tennis Equipment that suffers Loss was purchased second hand, or is older than 4 years and 364 days at the date of the Loss, the Insurer at their option:

  • May replace the Tennis Equipment with Tennis Equipment in a condition equal to, but not more extensive than, its condition at the time of the loss, subject to an allowance for wear, tear and depreciation being deducted; or
  • May, for Tennis Equipment purchased new, pay the Insured Person a cash settlement following deduction of 30% from the replacement cost plus a further 7.5% for each year thereafter to a maximum of 60%; or
  • May, for Tennis Equipment purchased second hand, pay the Insured Person a cash settlement following deduction of 7.5% per annum from the replacement cost up to a maximum deduction of 60%; or
  • May repair the Tennis Equipment to a condition equal to, but not better or more expensive than, its condition when new, deducting 7.5% per annum up to a maximum of 60% off the repair cost.

LCPA: 20/157

Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“MAI”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) which is a related entity of MAI. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh Advantage Insurance on request