Page 34 - Hollard Private Portfolio

Buildings
6. Theft
Theft pay-out depends on circumstances, security and occupancy
The exact amount we pay out for theft always depends on the underlying circumstances. Sometimes we pay out up to the full sum insured – for example, when the theft occurs at your private home.
At other times, we pay less than the full sum insured, or simply a limited amount – for example, when the theft occurs from your outbuildings and the minimum security is not in place. These lesser amounts are spelled out in the Schedule.
How much we pay for theft claims
Theft of any part of the buildings in the open
You are covered for the theft (or attempted theft) up to the sum insured of any fixed part of the buildings in the open – for example, the motor from your front gate, the bricks of your driveway.
Pay-out up to the sum insured (if minimum security is in place)
Theft of any part of the buildings
You are covered for the theft (or attempted theft) of any part of the buildings – for example, the fitted carpets or light fittings in your private home and outbuildings – provided you comply with the minimum security requirements.
Damage to your buildings during a burglary
You are covered for loss or damage caused by theft or attempted theft to your buildings.
Buildings lent or let (forced entry required)
There must be clear signs of forced entry to or exit from the buildings when the building is lent, let or sub-let other than to a maximum of three paying guests, lodgers or boarders.
Limited pay-out (minimum security not in place) – outbuildings
Forced entry or exit – outbuildings
We pay out less than the sum insured for theft from outbuildings if you do not have the minimum security requirements in place, but only if there are clear signs of forced entry to or exit from your outbuildings.
No pay-out
Under the following circumstances we will not pay for any loss or damage:
○ ○
if your private home does not comply with the minimum security requirements when unoccupied.
if your outbuildings do not comply with the minimum security requirements and there are no clear signs of forced entry or exit.
32
Hollard Private Portfolio – Version 3.0.0 – 20 April 2020