Page 50 - Hollard Private Portfolio - Version 3.5

48 Hollard Private Portfolio – Version 3.5 – 7 May 2024
Household contents
What we cover you for
We cover you for loss or damage to the contents of your home that is caused by any of the following insured events,
subject to the limits and conditions:
1. Fire
Fire, lightning or explosion
You are covered for loss or damage to the contents of your home or on your premises that is caused by fire,
lightning or explosion.
2. Weather and earthquake
Storm, wind, water, hail, etc.
You are covered for loss or damage to the contents of your home or outbuildings that is caused by storms, as
well as related activity such as wind, water, snow, flood and hail.
However, this does not apply to property that is out in the open or not under a roof, unless it is something
designed to operate in the open, such as garden furniture.
You are also covered for loss or damage to your contents arising from an earthquake.
3. Leaks, flooding
Overflowing of water apparatus; leakage of oil
You are covered for resultant loss or damage to the contents of your home or outbuildings that is caused
by leaks and flooding. Examples are bursting pipes, overflowing water tanks, exploding geysers and sudden
leakage of oil from heaters.
4. Impact
Impact with the building; falling trees
You are covered for loss or damage to the contents of your home or outbuildings that is caused by sudden
impact. Examples are a tree falling onto your home, or a wall collapsing onto a part of your property. However,
the cover does not apply if the event is caused by outside agents. For example, tree fellers or building contractors
– in the course of the work they are doing for you.
5. Malicious damage
This refers to when someone deliberately causes loss or damage to your home contents without the intention
of getting any benefit in return.
6. Theft
There is no cover for theft or attempted theft if the Limited cover option is selected, as shown in your policy
schedule.
Theft pay-out depends on underlying circumstances, security and occupancy
The exact amount we pay out for theft always depends on the underlying circumstances. Sometimes we pay out
up to the full amount insured – for example, when the theft occurs from your private residential building while
the premises are occupied and the minimum security is in place.
At other times, we pay less than the full sum insured, or simply a limited amount – for example, when the theft
occurs from your outbuildings and the minimum security is not in place and there is no forcible or violent entry.
These lesser amounts are stated in your policy schedule.
Unoccupancy at time of loss or damage
If your premises is unoccupied and your private residential building does not comply with the minimum security
requirements, you will have no cover for loss or damage caused by theft from the private residential building.
Limited cover for theft of household contents from an outbuilding is explained under Limited pay-out.