Examples of Limited Cover in a sentence
It is also subject to Limited Cover restrictions (see below).If you opt-in to have Default cover, you may cancel your insurance in the future at any time, for example, if you obtain insurance cover elsewhere and/or the cost of cover will inappropriately reduce your super savings.
However, goods that are not professionally moved are restricted to Option 1 – Limited Cover only.
All risk; Limited Cover; Open Policy; War Clauses; Strikes, Riots and Civil Commotions Clause; Confiscation Clause; Contingency and DIC Insurance Clauses; Classification and Age Clause.
If the first SG contribution is received after 120 days, the default cover will be Limited Cover from the default cover start date for at least 12 consecutive months.If Ava dies or becomes totally and permanently disabled before turning 25, and her insurance claim is accepted by the Insurer, her benefit payment would be $220,000 ($110,000 per unit x 2 units) plus the balance of her super account.*** TPD cover ceases at midnight on the day before an insured member’s 70th birthday.
Alternatively, Elliot may apply to have his Limited Cover converted to Standard Cover at any time.If Elliot dies or becomes totally and permanently disabled before turning 45, and his insurance claim is accepted by the Insurer, his benefit payment would be $440,000 ($110,000 x 4) plus the balance of his super account.IMPORTANT: As you get older the value of your Unitised Cover reduces automatically in line with the benefit scale shown in Table 2.