5Eligible insurance contract—exclusions

5 Eligible insurance contract—exclusions

(1) For the purposes of subsection 7(2) of the Act, a contract of insurance described in Schedule 1 is not an eligible insurance contract. (2) For the purposes of Schedule 1, contents, of a building or part of a building, means any of the following items in that building or that part of the building: (a) furniture, furnishings and carpets (whether fixed or unfixed); (b) household goods; (c) clothing and other personal effects; (d) a picture; (e) a work of art; (f) a fur; (g) a piece of jewellery; (h) a gold or silver article; (i) a document of any kind; (j) a collection of any kind; (k) swimming pools that are not fixtures; that are items owned by the insured or by a member of the insured’s family ordinarily residing with the insured.