What does it cover?
Most current building insurance doesn't cover the timber damage that termites cause. Most policies, if not all, exclude this.
Once your approved termite management system is installed you can apply for a TimberSecure termite insurance policy:
- For a period of five years from the installation date of your approved termite management system.
- Covers structural and decorative timber repairs or replacement, up to the value of $100,000, for any new termite damage.
- You pay no excess.
- If your home is sold the insurance policy is fully transferable to the new owners (an administration fee is applicable to the new owner).
- Regular inspections of your home are required as per our recommendations.
If termites enter your home and cause timber damage during the insurance period, your TimberSecure insurance policy will cover all structural & decorative timber repairs or replacement, up to the value of $100,000*. And, you don't have to pay an excess!
How do I get it? FAQ PDS & FSG
If you or your clients have any questions, please contact us on 1300 302 549 or use our contact us page.
Refer to the Product Disclosure Statement (PDS) & Financial Services Guide (FSG) for a full list of inclusions under this policy.
This information has been prepared by Rapid Solutions Pty Ltd AFSL 232422 ABN 49 055 149 203 (Rapid Solutions). Neither the Pest Controller that arranges TimberSecure (identified in the TimberSecure application form) nor its representatives endorse or otherwise take any responsibility for such information or the policy. The policy is administrated by Rapid Solutions on behalf of the issuer, Pacific International Insurance Pty Ltd (Pacific International). Pacific International is authorised by the Australian Prudential Regulation Authority as a general insurer in Australia. The Pest Controller that arranges TimberSecure and its representatives have been authorised by Rapid Solutions as its general insurance distributor to distribute the policy, and act on behalf of Rapid Solutions when distributing the policy. Before making a decision about this policy, read the combined Product Disclosure Statement & Financial Services Guide to see whether it's right for you.