Page 70 - Hollard - Private Portfolio Policy Wording

You
Unspeci ed property
Speci ed property
Includes your spouse and members of your immediate family who reside with you and are nancially dependent on you
Clothing and personal e ects that are either worn or carried with you. These tend to be low- value items such as pens, make-up and handbags. Unspeci ed property may also include sports equipment and groceries
Any item of property that is speci cally listed in your Schedule. These tend to be of high value, and typically include jewellery, watches and laptops
All Risks
Key terms to understand
Paying out a er a claim
How much we pay
We will pay you out based on the replacement cost of any damaged or lost property.
For any claim under Unspeci ed Property, we will pay up to the percentage, stated in the Schedule, of the sum insured for any one item or groceries. If you have chosen a sum insured of R10 000 and the limit is 25% we will pay up to R2 500 (25%) for any one item or groceries. This pay-out will never exceed the amount in the Schedule.
For any claim under Speci ed Property, we will pay up to the full value of the sum insured.
Take the me now to check the Schedule for those items you have chosen to list under Speci ed Property. These are the items that you will be able to claim for in full.
Example
Unspeci ed item
If you have lost a watch that costs R2 500 to replace, and your limit is R2 500 (25% of the sum insured of R10 000), we will pay the full R2 500. If you lost groceries that cost R1 500, and your limit is R2 500 (25% of the sum insured of R10 000) we will pay the full R1 500. This pay-out will never exceed the amount in the Schedule.
Speci ed item
If you have lost a ring that costs R20 000 to replace, and it is insured for R20 000, we will pay you the full R20 000. If the ring is speci ed for only R16 000, we will pay only R16 000.
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.
68 Hollard Private Por olio