Page 7 - Hollard Private Portfolio

General
Key terms to understand
Schedule
Claim Loss
Damage Insured event Excess
The section of the policy that explains what you’re covered for, and for how much. It also includes additional documents such as the Excess and Limit sections and endorsements applicable
When you ask us to compensate you for loss or damage
When the insured property is damaged and cannot be repaired; or we are of the view that it is uneconomical to repair; or if your property has been lost or stolen
When damage to your property can be repaired
When something happens that you are allowed to claim for The amount that you must pay for any claim
Why the Schedule is so important
This is probably the most important section of the policy. It tells you such things as:
○ how much you pay in premiums and fees
○ how much your excess is
○ which parts of your property are covered by the policy
○ what kinds of cover you have chosen
○ what sums insured/limits you are covered for
○ what your security requirements are.
Take some time now to acquaint yourself with the Schedule. If you spot any errors, please tell your broker right away.
How to contact us
All written communication relating to this policy (including claim rejections and legal proceedings) must be sent to this address:
The Manager – Hollard Insure
The Hollard Insurance Company Limited PO Box 87419
Houghton 2041
Tel: 011 351-5000
Website: www.hollard.co.za (Click on the "Contact us"
button at the top of the page)
Hollard Private Portfolio – Version 3.0.0 – 20 April 2020
5