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How will I be billed for cover? (How is my invoice calculated?)
How will I be billed for cover? (How is my invoice calculated?)
Jaclyn Prior avatar
Written by Jaclyn Prior
Updated over a week ago

You will be billed monthly in arrears by electronic tax invoice (e.g. on 1 February for cover in January).

The invoice amount is calculated as the sum of the premiums for all assets covered during the month.

Note: If the sum insured of your asset changes during the month, you will be charged the premium applicable to the largest sum insured (per the Policy Wording).

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