Page 82 - Hollard Private Portfolio - Version 3.5

80 Hollard Private Portfolio – Version 3.5 – 7 May 2024
Personal liability
Underlying policy refers to an active insurance policy with one of the following:
○ A registered South African, Namibian, Botswanan or Mozambican insurer (underlying insurer) that covers
personal, property owner’s, tenant’s, motor or watercraft liability.
○ Any insurer (underlying insurer) in the world that covers:
– motor liability for any motor vehicle hired, leased or owned by you;
– watercraft liability for any watercraft owned by you; or
– property owner’s liability for any property owned by you outside of South Africa.
○ Where the liability exceeds the limit of the underlying policy and the underlying insurer has:
– Paid a valid claim in terms of the policy.
– Admitted liability to a valid claim in terms of the policy.
– Been held liable by a court of law to pay up to the limit of the underlying policy.
○ Legal costs and legal expenses that a claimant can recover from you for a valid claim under this benefit on
condition that we have agreed in writing to cover these costs, prior to the costs being incurred.
○ Legal liability for pollution or contamination during the period of insurance on condition that it happens
unexpectedly and unintentionally at an identifiable time and place.
The following conditions of cover apply:
○ You must have an underlying policy that covers precisely the type of liability that you are claiming for.
○ You must have complied with the conditions of the underlying policy.
○ The underlying policy must provide cover up to a limit of at least R1 million, and R2.5 million for motor liability.
Limit of liability
The limit shown in your policy schedule is the maximum amount that we will pay for any claim under this benefit for any
single claim, any series of claims from the same event, or all events during the period of insurance.
Territorial limits
You are covered for liability claims that are made against you anywhere in the world, except if the liability claim, award,
settlement, court or enforcement order is made in the United States of America (USA), Canada or any other country
which operates under the laws of the USA or Canada.
Exclusions
You must read these exclusions together with the General exclusions in the Understanding your policy section to make
sure you understand exactly what is not covered.
○ Fines, penalties, punitive damages and debt
– There is no cover for any fines, penalties or punitive damages imposed by law, or liability arising from
any debt.
○ If you have other insurance
– We do not cover your liability for loss or damage to property, if that liability is covered under any other
insurance policy.
○ Liability relating to aircraft, firearms, vehicles and pleasure-craft
– Aircraft: There is no liability relating to the ownership, possession or use of any aircraft or unmanned
aerial vehicles (UAV) or systems (UAS) such as drones. We do cover radio-controlled model aircraft,
but only if it was used in terms of the rules and regulations set out by the South African Model Aircraft
Association.
– Firearms: We do not cover the ownership, possession, use or handling of firearms or air guns.