Page 63 - Hollard - Private Portfolio Policy Wording

Household contents
Home-based business
You are covered for loss or damage to your business stock caused by an insured peril. This is on condi on that:
○ you have supplied us with full details of the business ac vi es prior to any loss or damage; and
○ you have described the type of stock to be insured
○ your premises are s ll predominantly used for residen al purposes
○ your business ac vi es do not introduce addi onal risks to your home or outbuildings such as spray-pain ng
or welding.
Keys, locks and remote controls – increased cover
We will not pay more than the amount in the Schedule.
We will pay for the cost of replacing lost, stolen or damaged keys, locks and remote controls, including the call-out costs of a technician and the reprogramming of any coded alarm system. This will also apply if you have reasonable suspicion that an unauthorised person has access to duplicates.
This is addi onal cover, and applies if the limited cover is not enough to replace your keys, locks or remote controls.
Power surge – increased cover
We will not pay more than the amount in the Schedule.
This is addi onal cover, and applies if the limited cover is not enough to replace or repair the damage.
Provided you have installed surge-protec on devices, we will pay for damage to your household contents that is caused by an electricity power surge on the distribu on line of any public authority.
Subsidence and landslip – extended cover
You are covered for loss or damage to contents on your premises caused by subsidence (when the ground sinks) and landslip (when the ground slides). However, this cover does not apply when the subsidence or landslip results from:
○ structural altera ons, addi ons or repairs to your premises
○ defec ve or faulty design, materials or workmanship
○ excava ons, other than mining opera ons
○ removal or weakening of the support to your building
○ damage that already existed when your cover started.
If required, you will have to prove that the loss or damage was caused by subsidence, landslip or heave (the upward
movement of the soil under the building).
Hollard Private Por olio 61