Page 88 - Hollard Private Portfolio

Personal computers
Key terms to understand
You Includes yourself, your spouse and members of your immediate family who normally reside with you and are financially dependent on you
Computer Your computer itself, its carrying case as well as the monitor, keyboard and peripherals. It includes any software supplied as part of the computer by the original equipment
manufacturer and any programs or software for which you have a legal licence
Paying out after a claim
How much we pay
If your personal computer is damaged or lost, we will pay out based on the replacement cost up to the sum insured stated in the Schedule. This will also apply to any accessories and software supplied as part of the computer by the original equipment manufacturer and any licensed programs or software.
How we pay
We can decide to replace your computer for you; alternatively, we will give you the money and you can purchase a new one yourself if we cannot repair it.
You always pay the first amount, or excess
You will always have to pay the first part of any claim settlement. This is known as the excess, and is listed in the Schedule.
What we cover you for
STANDARD COVER Accidental loss or damage
We cover you for accidental loss or damage anywhere in the world, from any cause that is not specifically excluded. For example, you are covered if you drop your computer and break it, spill coffee on it, or it is stolen at home or at work.
Example
If you have lost a laptop that costs R8 000 to replace, plus accessories, original or specified software and programs for R4 000, we will pay R12 000 or buy you a new laptop with accessories and software for R12 000.
Example
If you successfully claim R8 000 for a lost laptop, and the excess for that claim is R1 000, your net pay-out from us will be R7 000.
86 Hollard Private Portfolio – Version 3.0.0 – 20 April 2020