Page 71 - Hollard Private Portfolio

Household contents
Home-based business stock
You are covered for loss or damage to your business stock caused by an insured peril. This is on condition that:
○ you have supplied us with full details of the business activities prior to any loss or damage
○ you have described the type of stock to be insured
○ your premises are still predominantly used for residential purposes
○ your business activities do not introduce additional risks to your home or outbuildings such as spray-painting or
welding.
Keys, locks and remote controls – increased cover
We will not pay more than the amount in the Schedule.
We will pay for the cost of replacing lost, stolen or damaged keys, locks and remote controls, as well as the call-out costs of a technician and the reprogramming of any coded alarm system. This will also apply if you have reasonable suspicion that an unauthorised person has access to duplicates.
This is additional cover, and applies if the limited cover is not enough to replace your keys, locks or remote controls.
Power surge – increased cover
We will not pay more than the amount in the Schedule.
This is additional cover, and applies if the limited cover is not enough to replace or repair the damage.
Provided you have installed surge-protection devices, we will pay for damage to your household contents that is caused by an electricity power surge on the distribution line of any public authority.
Subsidence, landslip or heave – extended cover
You are covered for loss or damage to contents on your premises caused by subsidence, landslip or heave. However, this cover does not apply when the subsidence, landslip or heave results from:
○ structural alterations, additions or repairs to your premises
○ defective or faulty design, materials or workmanship of the insured property
○ excavations, other than mining operations
○ removal or weakening of the support to your building
○ damage that already existed when your cover started.
If required, you will have to prove that the loss or damage was caused by subsidence, landslip or heave.
Hollard Private Portfolio – Version 3.0.0 – 20 April 2020 69