Page 38 - Hollard Private Portfolio

We will not pay for loss or damage while the machinery is covered by a manufacturer’s guarantee, purchase agreement or service contract.
Check your Schedule now to see if this limited cover is likely to be sufficient to cover the full replacement cost in the event of loss or damage. If you feel that it is not enough, you may ask us for additional cover so that we can increase the limit.
Acts by tenants
We will cover you against loss or damage when your tenant’s actions or failure to act would lead to a claim rejection. This is on condition that:
○ You are not aware of their actions or failure to act.
○ You tell us as soon as you learn about it.
○ You have not engaged in fraudulent or dishonest behaviour.
Alternative accommodation or loss of rent
If your building becomes uninhabitable because of damage to it caused by an insured event, we will cover you for the following:
○ If you live in the building, we will cover you for the cost of living in alternative accommodation of similar value and location as the insured building, for you, your domestic workers and pets. We will also cover you for emergency accommodation we have agreed to, for up to two nights, whilst you are finding alternative accommodation of similar value and location.
○ If you rent out the building, or part of it, we will cover you for the loss of rental income payable by the tenant or paying guest. You must give proof of the rental income you would have received.
This cover will apply until the earliest of the following:
○ The insured building becomes habitable again.
○ The limit stated in the Schedule has been reached.
The cover in this section does not apply when the buildings are being structurally altered.
Damage to the garden
We will pay for any damaged trees, shrubs or plants that need to be replaced after a valid claim, so long as the claim was not caused by theft.
Demolition and professional fees
If the buildings have to be demolished as a result of a claim settlement, we will pay the following additional costs that you may have to incur, provided you obtain our written consent:
○ demolishing the buildings, removing debris and erecting hoardings required for building operations
○ fees for the services of architects, quantity surveyors, consulting engineers and local authorities
○ any actions required by a public authority.
Buildings
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Hollard Private Portfolio – Version 3.0.0 – 20 April 2020