Page 49 - Policy Wording - Hollard Prestige Portfolio

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Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
Section 1 – Home
○ Green building cost cover
We will pay up to the limit stated in the schedule for the installation of green building products following a
covered loss to your home or outbuildings. A green building product is one that we determine meets the industry-
recognised green standard for that product category at tributed to one or more of the following:
– use of less energy, water and/or natural resources
– creation of less waste, or
– providing a healthier environment for the people living inside.
The excess stated in the schedule applies to this cover.
○ Hiring of security guards
We will pay for costs reasonably and necessarily incurred in employing a security guard following loss or damage
after a covered event provided the loss gives rise to a claim, up to the limit stated in the schedule.
○ Home modifications
We will pay the necessary cost of modifying your home to help your mobility if you or your family are injured as a
direct result of an insured cause and this injury results in permanent paraplegia or quadriplegia and we have paid
a claim for loss or damage resulting from this insured cause, up to the limit stated in the schedule.
○ Large loss excess waiver
The excess stated in your schedule will not apply in the event of a covered loss that is greater than the limit stated
in the schedule. This cover does not apply to the subsidence excess and/or any additional or voluntary excesses
stated in your schedule.
○ Leak detection and repairs
We will pay up to the limit stated in the schedule upon our authorisation for:
– any necessary costs you incur to trace the source of a water, gas or oil leak from any fixed domestic water
or heating appliance and any necessary repairs that arise as a result of tracing the leak
– the costs incurred resulting from a water leak from the underground service pipes, sewers and drains for
which you are legally liable inside the insured address,
provided that the first sign of the leakage must have taken place after the start date of this policy.
○ Loss of water by leakage
We will pay for charges levied by a local authority for water lost through leakage, breakage or bursts from pipes in
your water mains system up to the limit stated in the schedule provided that:
– the consumption reading must be at least 50% more than the average of the previous four (4) readings
preceding it
– you take immediate steps to repair the pipes affected on discovery of a leak by physical evidence or on
receipt of an abnormally high water account