Page 50 - Hollard - Private Portfolio Policy Wording

You
Home Outbuildings
Unoccupied
Premises
Standard construc on
Non-standard construc on
How much we pay
Includes yourself, your spouse and any members of your immediate family who normally reside with you and are nancially dependent on you
The private home or other domes c building or place in which you live or reside
Any other domes c buildings on the grounds of your home, such as sta quarters, o ces, consul ng rooms or sheds
Your home and outbuildings are unoccupied if you or any of the people who usually live there have all gone out, and nobody is le on the premises in charge of and with access to the home
Your home, outbuildings and the grounds on which they are built Means that all buildings have been built with:
○ walls of brick, stone or concrete and
○ roofs of slate, le, concrete, asbestos or metal
Means that a building has been built with material other than those de ned in the above de ni on of "Standard construc on" such as a thatch roof or walls of wood
Household contents
Key terms to understand
We will pay you out based on the replacement cost of any damaged or lost contents.
Pairs and sets
We will not pay more than the propor onate value of any ar cle that is part of a pair or set. So if you lose one earring, for example, we will pay out the value of only that one earring.
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 the Schedule.
Example
If your claim is for an item of furniture that costs R10 000 to replace, we will pay you R10 000 so that you can buy a new one – even if the item in ques on is old and worth a lot less.
Example
If you successfully claim R50 000 for contents stolen a er a break-in, and the excess for that claim is R1 000, your net pay-out from us will be R49 000.
48 Hollard Private Por olio