Page 41 - Hollard Private Portfolio - Version 3.5

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Hollard Private Portfolio – Version 3.5 – 7 May 2024
Buildings
Power surge
We will cover you for loss or damage to all electrical and electronic equipment forming part of your building caused by
an electricity power surge. Power surges happen when the flow of electricity is interrupted, then started again, or when
something sends electricity flowing back into the system. The pay-out is limited to the amount stated in your policy
schedule and cover is subject to the installation of a surge arrester on the main electrical distribution board. Please
refer to the Surge arrester requirements under the Your specific responsibilities section for more details about our
requirement for surge devices.
What is not covered
These exclusions are in addition to the exclusions set out in the General exclusions section. Certain exclusions may be
cancelled if you chose a benefit that gives you cover for something that would normally be excluded. We will not pay
a claim for any of the benefits set out in the Buildings section of this policy that was caused by or related to any of the
following specific exclusions.
Alterations, renovations or additions to the building
We do not cover loss or damage to your Buildings as a result of:
○ Accidental damage while alterations, renovations or additions are being carried out by a business that you have
hired to do this work.
○ Theft when building alterations, renovations or additions are taking place, unless there are visible signs of
forcible or violent entry to or exit from the home.
○ Malicious damage or vandalism to unfinished building alterations, renovations or additions.
○ Cracking, collapse, subsidence, landslip or ground heave caused fully or partially by the alterations, renovations
or additions.
○ Water, storm or flooding of the home due to any unfinished alterations, renovations or additions to the home.
Building regulations
The building must comply with the National Building Regulations. There is no cover if the cause of the claim is in any way
related to either of the following:
○ Defects in the design or construction of the building.
○ The structure of the building is not compliant and would not have been approved by the relevant local authority
at the time of construction.
Chemicals, fertilisers and pesticides
We do not cover loss or damage caused by the use or application of chemicals, fertilisers and pesticides.
Damage as a result of changes in the water table
We do not cover loss or damage caused by changes in the water table, except as a result of a storm.
Fixed machinery
We will not pay for loss or damage to fixed machinery directly or indirectly caused by:
○ Using tools or machinery incorrectly.
○ Purposefully overloading the fixed machinery.
For example, we would not cover a generator that overheats if it is not protected against overload by a circuit breaker.
Impact by trees
We will not cover impact damage to your building caused by fallen trees where you have arranged for the trees to be
chopped down.