Page 41 - Hollard - Private Portfolio Policy Wording

Buildings
Applies only if speci ed
The cover below is not automa c. It applies only if you have speci cally requested it – i.e. it is listed as covered in the Schedule.
Accidental damage to buildings – increased cover
We will pay up to the amount stated in the Schedule 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 buildings and structures
○ any work done on the buildings, 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 buildings
○ 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.
This is addi onal cover, and applies if the limited cover is not enough to pay for loss or damage to your buildings.
Accidental damage to xed machinery – increased cover
We will pay for sudden and unexpected damage to xed machinery installed at your premises which are used for domes c purposes only, up to the amount stated in the Schedule.
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.
We will not pay for loss or damage while the machinery is covered by a manufacturer’s guarantee, purchase agreement or service contract.
This is addi onal cover, and applies if the limited cover is not enough to repair or replace your xed machinery.
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