Page 36 - Hollard - Private Portfolio Policy Wording

Buildings
In addi on to the standard cover outlined in the preceding pages, you are also covered for the following, subject to the relevant condi ons and limits in the Schedule.
Accidental damage to the buildings
We will pay for accidental loss or damage to the buildings.
This does not include loss or damage to the following items:
○ irriga on equipment, driveways, pavements, roads, cables, cableways, excava ons or property below ground. In addi on, it does not include loss or damage arising from the following events:
○ collapse of the premises and structures
○ any work done on the premises, or normal maintenance
○ domes c pets, termites, moths, insects, wild animals or vermin
○ aws or defects (whether latent or visible) in any aspect of the design, construc on or maintenance of the premises
○ subsidence and landslip
○ chemicals, oils, liquids, gases or fumes
○ den ng, chipping, scratching or cracking, unless the func onality of the item has been a ected and it can no longer be used
○ frost, change in temperature, expansion or humidity
○ dampness , dryness, wet- or dry-rot
○ contamina on or pollu on
○ change in colour, texture or nish
○ corrosion, rust, oxida on or any other chemical ac on or reac on
○ any loss resul ng from an excluded event under any other sec on
○ deprecia on
○ any loss claimable under another clause or sec on of the policy.
Check your Schedule now to see if this limited cover is likely to be su cient to cover the full replacement cost in the event of loss or damage. If you feel that it is not enough, you may ask us for addi onal cover so that we can increase the limit.
Accidental damage to xed machinery
We will pay for sudden and unexpected damage to xed machinery installed at your premises which are used for domes c purposes only.
We will not pay for loss or damage caused:
○ by gradual deteriora on such as wear and tear, rust, mildew, corrosion, decay
○ by termites, moths, insects, vermin, domes c pets, wild animals or rep les
○ by cleaning, repairing or restoring by any manner or method
○ to any data or telecommunica on equipment or apparatus
○ to wind pumps
○ any loss claimable under another clause or sec on of the policy.
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Hollard Private Por olio