Page 33 - Hollard Private Portfolio

Buildings
1. Fire
Fire, lightning or explosion
You are covered for building damage that is caused by fire, lightning or explosion.
2. Weather
Storm, wind, water, hail, etc.
You are covered for building damage that is caused by storms, as well as related activity such as wind, water, hail, snow and flooding.
However, this excludes loss or damage caused by movement of the land supporting the buildings, even if it is caused by storm or flooding (this exclusion does not apply to the removal of land supporting the building by flowing surface water).
3. Earthquake
You are covered for building damage that is caused by an earthquake.
4. Impact
Impact with the buildings; falling trees
You are covered for building damage that is caused by sudden impact. Examples are a tree falling onto the buildings or a wall collapsing onto a part of your property. However, the cover does not apply if the event is caused by outside agents – for example, tree fellers or building contractors – in the course of work they are doing for you.
5. Leaks, flooding
Bursting, leaking, overflowing of water apparatus; leakage of oil
Damage to water apparatus and fixed oil heaters: You are covered for damage to water apparatus and fixed oil heaters, caused by bursting or leaking. This includes all components that form part of the fixed oil heater or heating system that generates hot water, such as electrical geysers, gas geysers, solar geysers and heat pumps. Cover includes mechanical or electrical breakdown of the heating system. Electrical and solar geysers are covered up to the limits stated in the Schedule.
Damage to the building: You are covered for damage to the building caused by leaking or overflowing of water from water apparatus such as geysers, tanks, pipes and heat pumps. You are also covered for damage caused by the sudden leakage of oil from oil heaters.
Damage to concealed water pipes
We cover loss or damage to concealed water pipes, in full, if they leak or burst as a result of increased water pressure or freezing.
Although gradual deterioration (such as rust and corrosion) is excluded under the General Exception “Wear and tear”, we will cover damage to concealed water pipes as a result of this once during the lifetime of the policy. Thereafter it will be for your own account.
Hollard Private Portfolio – Version 3.0.0 – 20 April 2020 31