Page 31 - Hollard Private Portfolio
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Buildings
Rebuilding your damaged building
If your damaged building has to be rebuilt entirely, and you choose to do it personally, we will pay out for the cost of rebuilding it. You can have it rebuilt on the same site, or elsewhere if you so choose. This is subject to the following conditions:
○ rebuilding starts within six months
○ the total cost will not exceed the cost of bringing the building back to its original condition
○ we will not make any payment to you until you have actually incurred the costs
○ you must make satisfactory arrangements to pay your rateable share of the loss before rebuilding starts. As an example, if you have to pay R50 000 as your portion of the damage as a result of being under-insured, you must prove that you have the money available before work can go ahead.
Hollard Private Portfolio – Version 3.0.0 – 20 April 2020 29
