Page 17 - Policy Wording - Hollard Prestige Portfolio

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Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
General terms and conditions
○ Fraud or wilful acts means you will lose all rights to claim under this policy if you or anyone acting on your behalf:
– claims fraudulently
– commits a deliberate, wilful or intentional act resulting in the loss or damage claimed for
– submits fraudulent or false information or documents in support of a claim
– deliberately exaggerates the total value of a claim.
○ Insurable interest means you must have an insurable interest in the insured property. You must stand to benefit
from its continuous undamaged existence; or to be prejudiced by its loss or damage; or by any liability which may
occur.
○ Interests of financial institutions means: If any financial institution has been noted as having an interest in the
insured property, we will first pay that financial institution to the extent of their interest or the sum insured stated
in the schedule, whichever is the lesser amount. If you act or omit to act in a way that may make this policy invalid,
the interest of the bank or financial institution will not be prejudiced if:
– the financial institution was not aware of the fact that you were in breach of the policy
– you did not put in a fraudulent claim or cause the loss or damage yourself.
You must pay any additional instalment or payment owed to the financial institution.
○ Inflation protection means the maximum amount for which you are insured on your contents and/or home will be
adjusted annually in line with inflation. It remains your duty, however, to make sure that the sum insured reflects
the full replacement value of the insured property at all times.
○ More than one named insured means if there is more than one named insured stated in your schedule, we will
treat a statement, act, omission, claim or request to alter or cancel your policy made by one as coming from all
those named as insured in your schedule.
○ Other insurance means if a claim payable under this policy is payable under any other policy we will pay only our
proportional share of the claim.
○ Overlapping of duplicate cover means if an insured event occurs and there is overlapping or duplicated cover
under different sections of your policy for the same loss, damage or liability you must decide under which section
you will submit your claim. You may not submit separate claims under different sections of the policy for the same
event.
○ Pay your premiums on time
Your premiums – whether paid monthly or annually – must reach us on time. All premiums are payable in advance,
before your policy starts.
– Monthly premiums
Monthly premiums are payable by bank debit order unless we have agreed otherwise, but only as an
interim arrangement.