Browse Forums General Discussion Re: building insurance NRMA is the best? 2Nov 28, 2016 11:48 pm if the land with slope and with a landslip potential -- is AAMI better? loss or damage caused by erosion, vibration, subsidence, landslip, landslide, mudslide, collapse, shrinkage or any other earth movement, but we will cover loss or damage to the building caused by a landslide or subsidence proved to have occurred within 72 hours of, and directly because of, a storm and not because of erosion over time, structural fault or design fault; Re: building insurance NRMA is the best? 3Nov 29, 2016 9:23 pm NRMA just changed thier policy. sounds good EXCLUSIONS FOR ALL COVER (PAGE 53) We have made a change to the ‘Exclusions for all cover’ wording on page 53 of the PDS. The following exclusions where we don’t cover loss, damage, injury or death arising from: • subsidence or landslide unless it happens immediately as a result of an earthquake or explosion has been deleted and replaced with: • landslide or subsidence unless it happens immediately as a result of: − an earthquake or explosion − a storm or flood Hi Suku18 In NSW the statutory required insurances are: 1. HBCF ( Home Building Compensation Fund) - This is if the builder dies or goes broke. But this only covers 20%… 1 1279 Hi there, long-time lurker but first time posting. I've bought a house 2 and a bit years ago and last year we had some major water damage on a converted pergola area… 0 5779 I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from… 11 37533 |