Page 36 - Hollard Private Portfolio - Version 3.5

34 Hollard Private Portfolio – Version 3.5 – 7 May 2024
Buildings
– Holiday letting: If you let out your home to paying guests, then this benefit does not apply to bookings
that have been cancelled because your home is uninhabitable. Please contact us if you need business
interruption cover under a commercial policy.
○ Rental shortfall
If your tenant cannot live in your home, you may be responsible for providing other similar accommodation for
them.
– If the cost of this alternative accommodation is more than the amount that the tenant would have paid
you, we will cover this difference in cost.
– We will only pay for the time that is left on your rental agreement or the time reasonably needed to
make your home habitable again, whichever is the shortest.
○ Conditions
The following conditions apply to the alternative accommodation or loss of rent benefits:
– We must agree that your home is not safe or suitable to be lived in (uninhabitable) because of a valid
claim under this cover section.
– We will only pay for the time reasonably needed to make your home habitable again, but not more
than the limit shown in the policy schedule.
– We will only pay for alternative accommodation OR loss of rent, unless part of your property is rented
out and you qualify for both benefits.
Cover during property transfer
If you buy a new property and you (or your tenants) move in before it is registered in your name, we will cover it for its
full value from the date that you (or your tenants) move in until transfer into your name takes place at the Deeds Office.
The following conditions apply to this cover:
○ We must agree to place the new property on cover.
○ You must pay the extra premium.
○ The property is not insured anywhere else.
○ All the terms and conditions of the policy will apply to the new property.
Damage to the garden
We will pay for any damaged trees, shrubs or plants that need to be replaced after an insured event, 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.
Domestic and wild animals
We will pay for loss or damage to your buildings caused by:
○ Wild animals, which means non-domesticated animals living freely in their natural environment.
○ Domestic animals that do not belong to you.
Loss or damage caused by vermin is excluded, except for monkeys and baboons.
Emergency-services expenses
We will pay for the costs charged by any emergency-services provider – such as the fire brigade – that has to be called
in to respond to an insured event.