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Hollard Private Portfolio – Version 3.5 – 7 May 2024
Personal computers
Key terms to understand
Computer Your computer, laptop or tablet, as well as any associated accessories for example a
monitor, keyboard, mouse, carrying case or printer. It includes any software supplied by
the manufacturer as part of the computer, and any programs or software for which you
have a legal licence, provided your sum insured is sufficient.
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 your policy 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.
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.
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 your policy
schedule.
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.
What we cover you for
STANDARD COVER
Loss or damage
We cover you for a maximum of six consecutive months for loss or damage anywhere in the world, from any cause that
is not specifically excluded. Cover for loss or damage due to Power surge is subject to having selected Power surge cover
under the Household contents section.
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.
Remote blocking
If your computer is stolen from your vehicle without any forced entry and you blame that on interference with your
remote control by a jamming device, then you must prove it to us. The item must be out of view, for instance inside a
locked boot, inside the glove compartment or under a seat.
The amount of the pay-out will depend on whether the evidence is acceptable to us and whether it can be backed up by
CCTV footage. Check your policy schedule now to see the applicable limits.