Page 22 - Hollard - Private Portfolio Policy Wording

GENERAL EXCEPTIONS
You cannot claim for:
The by false pretences
What we do not cover
WHAT WE DO NOT COVER
This is any the that occurs as result of you being tricked into par ng with your property as part of a transac on that you believed was legi mate. The transac on can be an ordinary cash transac on, an exchange or even a credit sale agreement.
Wear and tear
This means gradual deteriora on as a result of normal usage or the passage of me. It includes the gradual in uence of light and weather condi ons. Typical examples are worn tyres on your car from driving, and peeling paintwork on your home from exposure to the elements or from rising damp.
Certain extensions of cover such as geyser maintenance, when stated as covered, will override this excep on.
Liability by agreement
You cannot, in an agreement you might sign with a third party (for example, a builder), accept liability for something that you could not reasonably be held liable for in the rst place. For example, you cannot accept liability for the ac ons of a builder who is renova ng your home, for that is clearly his responsibility.
Dispossession or na onalisa on
This means loss that you su er as result of your property being forcibly taken from you by a lawfully cons tuted authority, such as the na onal government or a provincial authority.
Consequen al loss
This is further loss that you may su er as a consequence of an ini al insured event. For example, if your car is in an accident on your way to the airport, we will cover you for the damaged car, but not for any loss you may su er as result of you missing your ight.
The only me we cover you for consequen al loss is when it is speci ed as part of your policy.
GENERAL EXCLUSIONS
You cannot claim for:
Asbestos
This refers to any loss or damage that arises as a result of contact with asbestos in any form or quan ty. This is because of the inherently hazardous nature of the substance.
Damage caused by incidents covered by legisla on
This refers to any event for which a compensa on fund has already been set up under relevant government legisla on, whether in South Africa or any other country where the policy applies. An example of such legisla on in South Africa is the War Damages Insurance and Compensa on Act (Act 85 of 1976).
20 Hollard Private Por olio