Association Liability Policy
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What?
We have removed cover for loss or damage to money, negotiable instruments, safes and vaults.
Why?
Your policy covers your legal liability and costs relating to your management of non-corporate organisations. To better align with this intent, limited cover for damage to certain physical property has been removed.
When?
This change affects all policies renewing on or after 1 July 2026.
Page and Clause What has changed? Why has it changed? Page 13, Clause 4.3.1 – What the Association is insured for.
Page 21, Clause 7.16 – There is no cover for property loss or fire.
We’ve removed cover for physical loss or damage to, or disappearance of the Association’s money, negotiable instruments, safes and vaults.
To better align with the product intent – which is to cover legal liability and cost exposures rather than damage to physical property.
Throughout the policy. We’ve updated policy clause numbering. To align with the updated policy wording.