What the Insurer pays under Home Contents cover

If the General Contents of Your Home are physically damaged by any Insured Event, the Insurer will at their option, 

i. reimburse to You the cost of repairs to a condition substantially the same as its condition at the time of damage, or 

ii. pay You the cost of replacing that item with a same or similar item, or 

iii. repair the damaged item to a condition substantially the same as its condition at the time of damage.

The maximum the Insurer will pay for Home Contents is the Sum Insured shown in the Policy Schedule for Home Contents Cover. If the Policy Schedule shows any limit for any item, or category or groups of items, such limit is the maximum We will pay for that item