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aainsurance.co.nz
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Definitions (31)
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accident
A sudden, unintended and unforeseen occurrence.
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Policy schedule
This contains personalised information about the insurance you have with us. It contains your level of cover, excess and details of special things that you’ve insured.
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Agreed value
The amount for which we agree to insure your vehicle. We work out the amount based on the fair value given for your vehicle’s make and model.
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Accessories
Things which have been added to your car but don’t enhance its performance, like stereos, mag wheels and navigation systems.
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claim
When you tell us about the accidental damage to or loss of your insured property (your car, house or possessions) and you ask us to reimburse you for it. A claim includes where we will pay for your l [..]
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Cover
The insurance we provide to look after your belongings.
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DEPRECIATION
Taking age, use and condition into account when establishing what something is worth immediately before it was damaged or lost.
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Exclusion
A provision in a policy that means certain circumstances are not covered.
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Excess
When you make a claim, you pay a small part of the cost and we pay the rest. Your part is called the excess. The cost of your excess depends on a number of factors. You pay an excess only when you [..]
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Insured
The person named on an insurance policy. Most often, this is the person who owns the property.
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