Page 47 - Policy Wording - Hollard Prestige Portfolio

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Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
Section 1 – Home
Additional cover
When we accept a claim under your policy for an insured incident that happens in the period of insurance, you are
also entitled to the additional cover. Additional cover is limited to the amount stated in your schedule. The excess
stated in your schedule does not apply to additional cover unless specifically stated below and any voluntary excesses
will be applicable.
○ Accidental damage means unforeseen accidental damage to the home, up to the sum insured. We do not cover
loss or damage due to cracking or scratching of sanitary ware or glass except for fish tanks. The excess stated in
the schedule applies to this cover.
○ Alterations and additions to your home
We will pay you up to the limit stated in the schedule for:
– loss or damage during the time of the new work at your home
– loss or damage of capital additions or completed extensions to the home provided that you advise us 60
days prior to the commencement of the changes and provided you pay any additional premium that we
may require.
We will not cover you:
•
if damage is caused by cracking, collapse, subsidence or damage to your home is caused fully or
partially by the new work
•
for accidental damage while alterations or additions are being carried out
•
for theft unless there is evidence of violent and forced entry to or exit from the building
•
for damage caused by water, storm or flood to any part that is not fully built
•
for malicious damage or vandalism to unfinished parts of the new work.
○ Alternative accommodation/rent
We will pay you for the rental amount due to you in respect of an insured home that you lease out, or the
reasonable rent you incur up to the limit stated in the schedule for similar alternative accommodation and storage
if your home cannot be lived in due to an incident covered under this section subject to the following terms:
– the maximum period for this cover is the period stated in the schedule
– we will decide on the alternative accommodation by considering the rental amount that would be
reasonable to charge for a home of the same or similar value and location as the insured address stated in
your schedule
– we will pay the reasonable costs for temporary accommodation in a guesthouse or hotel for not more than
14 days while you arrange your alternative accommodation
– the cover includes reasonable accommodation for your domestic pets, domestic workers and gardeners
that were resident on the property at the time of the loss.