Page 10 - Hollard - Private Portfolio Policy Wording

Your responsibili es as the policyholder
Your responsibili es as the policyholder
Give us accurate informa on
You must make sure that all the informa on you give us about yourself, your property and your risk pro le is accurate. This will include informa on about your nancial situa on, such as insolvency. Incomplete or incorrect informa on could a ect the validity of your policy, and may result in us voiding your policy.
You must tell us immediately of any material changes that may increase the risk of loss or damage to your insured property. We will then have the right either to cancel the policy, or let it con nue with new terms and condi ons.
Be aware of how we use this informa on
Please note that the informa on you give us will be stored on databases and shared with other par es in the insurance industry in order to gather industry sta s cs, improve the quality of risk assessment and combat fraudulent claims. It is important to understand that this informa on will remain at the disposal of these par es, even a er your policy with us ends.
Keeping pace with in a on
Every month, your sum insured will be increased by an appropriate percentage so that it keeps pace with in a on. At your policy renewal date, the increased sum insured will be formally re ected in your Schedule, and your premiums will be adjusted accordingly.
This applies to the following sec ons:
○ House contents
○ Buildings
○ All Risks
It remains your responsibility to ensure that you are adequately insured at all mes.
No refund a er total loss claims
If a claim amounts to a total loss under any sec on, such as a the or write-o under the Motor sec on, we will not refund you any part of the premium for that sec on, even if there is a remaining period of insurance. For example, if your vehicle is a write-o or you have lost a ring, the premium you paid for the full insurance period is regarded as earned by us and no refund is due to you.
If you then replace your vehicle or ring and add it to your policy, you will have to pay an addi onal premium for the remaining insurance period. Check your Schedule now to see what your insurance period is.
We may check all informa on
In order to ensure that your risk pro le is correct, we may verify all informa on you give us – including your credit ra ng, claim history with other insurers and your safety record as a driver. If any informa on is found to be missing or incorrect, we may reject your claim or cancel your policy.
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Hollard Private Por olio