Page 77 - Hollard - Private Portfolio Policy Wording

Personal computers
Key terms to understand
You Includes your spouse and members of your immediate family who normally reside with you and are nancially dependent on you
Computer Your computer itself, its carrying case as well as the monitor, keyboard and peripherals. It includes any so ware supplied as part of the computer by the original equipment
manufacturer and any programs or so ware for which you have a legal licence
Paying out a er a claim
How much we pay
If your personal computer is damaged or lost, we will pay you out based on the replacement cost up to the sum insured stated in the Schedule. This will also apply to any accessories and so ware supplied as part of the computer by the original equipment manufacturer and any licensed programs or so ware.
How we pay
We can decide to replace your computer for you; alterna vely, we will give you the money and you can purchase a new one yourself if we cannot repair it.
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 you have lost a laptop that costs R8 000 to replace, plus accessories, original or speci ed so ware and programs for R4 000 we will pay you R12 000 or buy you a new laptop with accessories and so ware for R12 000.
Example
If you successfully claim R8 000 for a lost laptop, and the excess for that claim is R1 000, your net pay-out from us will be R7 000.
Hollard Private Por olio 75