This would suggest that there is an existing Home or All Risks insurance in force.

FAI Films was a film production company, owned by Australian company "Fire and All Risks Insurance" (later FAI Insurance) founded by Lawrence James Adler.

After changing his name to Lawrence James Adler, he worked as an office cleaner, gas station attendant, taxi driver and used car salesman before founding Fire and All Risks Insurance in 1960 with $47,600 in capital.