Page 82 - Hollard - Private Portfolio Policy Wording

Personal liability
Key terms to understand
You Includes yourself, your spouse and any members of your immediate family who normally reside with you and are nancially dependent on you
Liability Refers to when you can be held legally liable to pay damages arising out of any event, not otherwise excluded under this sec on
The increasing cost of negligence
In today’s world, people are more and more aware of their "rights". They will o en not hesitate to sue you for loss or damage which they believe is due to your negligence.
Typical examples include your dog bi ng a passer-by, or a braai in your backyard star ng a re that burns your neighbour’s house down.
Paying out a er a claim
Pay-outs are always limited
When you claim for personal liability, your pay-out will always be limited to a speci c amount in any 12-month period. These amounts are chosen by you when you take out the policy, and are stated in the Schedule.
In some cases, the pay-out may be less than the maximum stated in the Schedule if we decide that it represents a fair se lement. We may pay you the full limit or any lesser amount for which the claim may be se led to nalise a claim.
All pay-outs are made in South Africa, in local currency.
Example
Your dog runs out into the street and bites a passer-by. He has to go to hospital, and incurs medical expenses of R95 000. If the sum insured in the Schedule for this kind of event is stated as R1 000 000, we will pay out the full R95 000.
80 Hollard Private Por olio