Multi-policy discount

We will apply a multi-policy discount to the Tower premium payable on your eligible policies if you meet the eligibility criteria set out in these terms and conditions (Terms). This discount is only applicable to the Tower portion of your total premium and does not apply to levies and other charges included in your total premium.

Eligibility criteria

  1. You hold two or more Tower-branded eligible policies.
  2. You are a named policyholder on the eligible policies, whether:
    1. in your own personal capacity, or
    2. as a sole trader, or
    3. as a partner in a business partnership, or
    4. as a trustee of a trust, or
    5. the policy is in the name of a company of which you are a director.
      Policies held by your spouse, partner, children, other relatives, or flatmates, do not qualify you for a multi-policy discount unless you are also an owner of the relevant policy.
  3. To qualify for a discount the Tower premium for each eligible policy must exceed the minimum premium set by Tower for the relevant policy types. We explain the minimum Tower premium in the multi-policy discount section below.

Eligible policies (each an 'eligible policy')

House

  • Plus
  • Standard

Contents

  • Plus
  • Standard

Car

  • Comprehensive
  • Third party

Commercial Car

  • Comprehensive
  • Third party

The multi-policy discount also applies to the Tower premium charged for all optional benefits.

Products that are not eligible for our multi-policy discount

House

  • Construction Insurance Policy
  • Contract Works Policy
  • House Insurance Policy

Contents

  • Contents Insurance Policy

Motor

  • Commercial Motor Insurance Policy
  • Motor Excess Liability Policy
  • Motor Insurance Policy
  • Motor Vehicle Liability Policy

Other

  • Business Protection Policy
  • Goods Products Extension
  • Industrial Special Risks Insurance
  • Marine Cargo Policy
  • Private Pleasure Craft Insurance
  • Public Liability Policy
  • SmartPac Insurance
  • Workers Compensation Insurance

Multi-policy discount

If you would like to claim a multi-policy discount in respect of policies that are not all in your own name alone or which are held in different variations of your name (i.e. Jone/John or Susana/Sue), please contact us to notify us which policies you would like to claim the discount for. We will link all eligible policies meeting the eligibility criteria with effect from the date that you contact us.

Where the eligibility criteria are met, we apply the following discount to the Tower premium (including qualifying optional benefits) component* only, for each eligible policy:

  • One policy: 0%
  • Two policies: Up to 10% *^
  • Three or more policies: Up to 20% *^

*The multi-policy discount does not apply to aspects of the premium that are collected by Tower, but are not Tower's premium.

Your Certificate of Insurance shows all the charges that make up the total premium as well as whether a multi-policy discount has been applied to your Tower premium.

^Tower has a minimum premium for each policy type. Any policy to which a minimum premium applies will count as an eligible policy for the purposes of calculating the applicable discount for the number of policies held, regardless of its premium, but the discount will be applied:

  1. only to Tower premiums in the group of eligible policies that are above the minimum premium; and
  2. only to the extent that it does not reduce the Tower premium for a particular policy below the minimum premium for that type of policy. If the full discount would reduce a premium below the minimum premium for a particular type of policy, the discount will be capped so that the Tower premium payable is equal to the minimum premium for that policy type.

Adjustments to your multi-policy discount

When you buy a new eligible policy and the eligibility criteria are met, the multi-policy discount will be applied to the Tower premium for the new policy from the commencement date of that policy.

Any discount or additional discount to the Tower premiums for your existing eligible policy or policies will commence from the next renewal dates for each applicable policy.

When you change an eligible policy during its term, any new or changed multi-policy discount applicable to the Tower premium for that policy will be effective from when you change the policy.

When you cancel an eligible policy, the discount applied to your remaining eligible policy or policies will be reviewed at the next renewal date for each applicable policy, and the discount applied may reduce, depending on the number of eligible policies you hold.

Other important terms

In these Terms, we, us, our means National Pacific Insurance (American Samoa) Limited trading as Tower Insurance.

Policy terms, conditions, exclusions, and underwriting criteria apply to all eligible policies.

We will collect, hold, use, and share personal information about you in connection with the multi-policy discount in accordance with applicable law and our privacy policy. Our privacy policy sets out how we collect, hold, and use your personal information.

Discounts cannot be transferred or exchanged for cash or any other benefit.

We reserve the right, at our sole discretion, to change or revoke this discount to ensure that the discount applied to the Tower premium is correct for the purposes of these Terms.

We reserve the right to:

  • change or cancel this discount or the methodology for applying and/or calculating this discount for any or all eligible policies.
  • add policies to or remove policies from the list of eligible policies.
  • change any other aspect of the multi-policy discount or these Terms at any time.

If we do, any change to the discount, the application of the multi-policy discount, or these Terms will take effect at the next renewal date as it relates to each of your applicable policies.

By purchasing or renewing any eligible policy where the multi-policy discount has been applied, you are bound by these Terms. If you do not agree to be bound by these Terms, then you must not use the discount when purchasing an eligible policy.

Except for liability which may not be excluded by law, we will not be liable for any loss, claim, cost, expense, liability, or injury suffered by any person in any way associated with Tower's multi-policy discount.

These Terms are governed by the laws of American Samoa and any disputes will be subject to the exclusive jurisdiction of the courts of American Samoa.