Employee House Policy

  • What?

    We have updated your coverage for bridges and culverts – please see new Automatic Benefit 3.11

    We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023.   There is no change in your FMG cover.

    We have updated the definition of ‘Employee’.

    We have updated ‘Natural Landslip’ to ‘Natural Landslide’ and re-worded the Natural Landslide definition to match the Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

    Why?

    Your bridge and culvert cover has been updated to provide clarity around what is covered under your Employee House policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your employee house.

    Please contact FMG if:

    - You have a bridge or culvert that is not on the main access way to your employee house that you would like covered.

    - The bridge or culvert on the main access way to your employee house is worth more than $50,000.

    - The bridge or culvert that is on the main access way to your employee house also provides access to your farm or commercial workplace.

    Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.  There is no change in your FMG cover.

    We have updated the definition of ‘Employee’ to ensure we are covering all situations where a person is renting the house as part of an employment agreement.

    When?

    This change affects all policies renewing on or after 01 May 2024.

    Page and Clause What has changed? Why has it changed?
    Throughout the policy We have updated references to ‘Natural Disaster’, and ‘EQC’ to match the new names under the Natural Hazards Insurance Act 2023.   Your policy has been updated to comply with the new Natural Hazards Insurance Act 2023.
    There is no change in your FMG cover.
    Page 11,  3.11 We cover your culverts and bridges
    Page 29, definitions ‘Section’
    Page 29, definition of ‘Employee House’     		We have updated your coverage for bridges and culverts

    Your bridge and culvert cover has been updated to provide clarity around what is covered under your Employee House policy and to ensure we have the correct Sum Insured associated with any bridge or culvert that provides the main access to your employee house.

    Please contact FMG if:

    - You have a bridge or culvert that is not on the main access way to your employee house that you would like covered.

    - The bridge or culvert on the main access way to your employee house is worth more than $50,000.

    - The bridge or culvert also provides access to your farm or commercial workplace.

    Page 27, Definition of ‘Employee’ We have altered the definition of employee to include ‘any person, company, trust, contractor, or sharemilker (including their employees) who are entitled to inhabit a house as part of their contractual agreement with you’ This ensures that we are covering all situations where a person is renting the house as part of an employment agreement.
    Page 29 – Definition of ‘Natural Hazard’ We have updated ‘Natural Landslip to ‘Natural Landslide’ and re-worded the Natural Landslip definition. These amendments are to match the Natural Hazards Insurance Act 2023.  
    There is no change in your FMG cover.