Page 30 - Hollard - Private Portfolio Policy Wording

You always pay the rst amount, or excess
You will always have to pay the rst part of any claim se lement. This is known as the excess, and is listed in your Schedule.
Matching damaged building materials
When repairing a part of your building that is damaged, we will always try to restore it to its original state. However, this will not always be possible, as colours cannot always be matched and the original material may no longer be available.
In such cases, we will use material which, in our opinion, most closely matches the original. This will be limited strictly to the part of the building that is damaged, and not to any of the surrounding area. For example, if a carpet in one room is damaged, we will nd the best available match and replace the damaged carpet in that room only.
Rebuilding your damaged building
If your damaged building has to be rebuilt en rely, and you choose to do it personally, we will pay you for the cost of rebuilding it. You can have it rebuilt on the same site, or elsewhere if you so choose. This is subject to the following condi ons:
○ rebuilding starts within 6 months
○ the total cost will not exceed the cost of bringing the buildings back to its original condi on
○ we will not make any payment to you un l you have actually incurred the costs
○ you must make sa sfactory arrangements to pay your rateable share of the loss before rebuilding starts. As an example, if you have to pay R50 000 as your por on of the damage as a result of being under-insured, you must prove that you have the money available before work can go ahead.
Buildings
Example
If you successfully claim R20 000 for repairs to your swimming pool, and the excess for that claim is R1 000, your net pay-out from us will be R19 000.
28
Hollard Private Por olio