Page 22 - Hollard Private Portfolio

GENERAL EXCEPTIONS
You cannot claim for:
Theft by false pretences or scams
What we do not cover
WHAT WE DO NOT COVER
We do not cover any loss or damage if you are tricked by any means into parting with your insured property, such as through a scam or theft by false pretences.
Wear and tear
This means gradual deterioration as a result of normal usage or the passage of time. It includes the gradual influence of light and weather conditions. Typical examples are worn tyres on your car from driving, and peeling paintwork on your home from exposure to the elements or from rising damp.
Liability by agreement
You cannot, in an agreement you might sign with a third party (for example, a builder), accept liability for something that you could not reasonably be held liable for in the first place. For example, you cannot accept liability for the actions of a builder who is renovating your home, for that is clearly his responsibility.
Dispossession or nationalisation
This means loss that you suffer as result of your property being forcibly taken from you by a lawfully constituted authority, such as the national government or a provincial authority.
Consequential loss
This is further loss that you may suffer as a consequence of an initial insured event.
Examples of consequential loss include:
○ if your car is in an accident on your way to the airport, we will cover you for the damaged car, but not for any loss you may suffer as result of you missing your flight.
○ if your video game console is stolen and the replacement model available is not compatible with your home theatre system. This incompatibility is an indirect or consequential loss associated with the theft. In this case we would not cover the cost of replacing your home theatre system.
The only time we cover you for consequential loss is when it is specified as part of your policy.
20 Hollard Private Portfolio – Version 3.0.0 – 20 April 2020