Page 34 - Hollard Private Portfolio - Version 3.5

32 Hollard Private Portfolio – Version 3.5 – 7 May 2024
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.
Pay-out up to the sum insured (if minimum security is not in place)
Theft from an unoccupied outbuilding
You are covered for the theft (or attempted theft) from inside your outbuildings if you do not have the minimum
security requirements in place but there are clear signs of forced entry to or exit from your outbuildings.
Limited pay-out – unoccupied outbuildings
We pay out less than the sum insured for theft from inside unoccupied outbuildings if you do not have the
minimum security requirements in place and there are no clear signs of forced entry to or exit from your
outbuildings.
No pay-out
We will not pay for any loss or damage if your private residential building does not comply with the minimum
security requirements when unoccupied.
8. Subsidence, landslip or ground heave
Limited cover
We will cover any loss or damage to the private residential building and domestic outbuildings (including
fixtures and fittings attached to these buildings) caused by subsidence, landslip or ground heave. The following
items and causes are not covered under the limited cover:
○ Loss or damage to boundary, retaining and garden walls, gate posts, fences, driveways, paving,
swimming pools, tennis courts, septic or conservancy tanks, water paths, drains, paths and terraces,
paving and swimming pool surroundings.
○ Loss of damage caused as a result of the contraction and/or expansion of active soils due to the
moisture or water content of such active soil as is experienced in clay and other similar types of ground.
Specific exclusions apply to subsidence, landslip or ground heave (for both limited cover and extended cover),
under What is not covered.
We also cover you for
In addition to the insured events outlined in the preceding pages, you are also covered for the following, subject to the
relevant conditions, and up to the limits stated in your policy schedule.
Accidental damage to the buildings
We will pay for accidental loss or damage to your buildings. Accidental damage is sudden and unforeseen, which you did
not intend to happen, for example accidentally breaking a glass hob or a window.
This does not include loss or damage to the following items:
○ irrigation equipment, driveways, pavements, roads, cables, cableways, excavations or property below ground
○ fixed machinery.
Accidental damage does not apply while alterations, extensions or improvements such as painting or tiling are being
done at your home.
Check your policy 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.