Page 103 - Hollard Private Portfolio

Personal liability
Loss or damage to property
We do not cover you for loss or damage to property that:
○ belongs to you, your family or your employee
○ is in your custody and control
○ is in the custody and control of your directors, members, trustees or beneficiaries, or members of their families who usually reside with them, if you are a company, close corporation or trust
○ is covered under some other insurance policy.
No cover during structural alterations
We do not cover you for loss or damage to your home or outbuildings when these are being structurally altered, and the loss or damage is caused by these alterations.
Fraud, assault, reckless disregard
You are not covered for liability that arises out of:
○ dishonest, fraudulent or malicious acts by you
○ physical assault committed by you
○ the reckless disregard by you of the possible consequences of your actions or omissions.
Failure of insured to comply with obligations
You are not covered for liability that arises out of:
○ the purchase, sale, barter or exchange of any property (movable or immovable) or
○ your failure to comply with any obligations in terms of the transaction. Debt, maintenance or alimony
You are not covered for liability that arises out of your failure to pay any debt or alimony or a breach of promise.
Your specific responsibilities
○ Tell us immediately about any incident that caused another person’s bodily injury, illness, death, damage to property or loss of property. Do not wait until you receive a letter telling you that another person holds you legally liable.
○ Tell us immediately after you receive a letter of demand or a summons, or if another legal process was issued by you or against you.
○ Send us all police reports, court documents, letters of demand or settlement offers.
○ You must never admit guilt. If you do, you may not have cover under this policy.
Hollard Private Portfolio – Version 3.0.0 – 20 April 2020 101