Page 72 - Policy Wording - Hollard Prestige Portfolio

70 Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
Section 3 – Assets specified
Specific definitions for this section
○ Assets specified means items specifically insured under this section:
– either as a requirement of the policy, or
– to avoid the application of warranties such as your safe warranty, or
– to avoid the requirement of evidence of violent and forced entry when the item is temporarily removed to
another premises or in transit in a motor vehicle.
○ Items you have to specify under Assets specified:
– any personal belongings and/or contents that are worth more than the amount stated under the Flexi or
Flexi Plus limits for Assets out under your Contents, Section 2
– parachutes, para-gliders and hang-gliders
– motorised and non-motorised wheelchairs
– mobility scooters and shop riders.
○ Jewellery and watches are items worn or used for personal adornment including items made of gold, silver,
platinum and/or other precious metals and set with precious or semi-precious stones.
Where we cover your Assets specified
Anywhere in the world.
What is covered
○ We will cover you against loss of or damage to items defined as Assets specified from any cause that is not stated
under the General Exclusions of the policy or 'What is not Covered' of this section.
○ Assets specified means contents or personal belongings that you elect to specify separately will not be subject
to the evidence of violent and forced entry or exit requirement when at the insured address or when temporarily
removed to another building. In addition, jewellery and watches specified individually are not subject to the safe
warranty.
○ Items kept in vault: We will pay for loss or damage to items stated in the schedule and which are kept in a safe
deposit and/or vault of a registered bank or otherwise. If you temporarily remove the items you have automatic
cover up to the limit stated in the schedule for a maximum period of 30 days in any period of insurance for any
claim. Should you require cover for more than the limit stated in the schedule you must notify us of the removal
of items and pay the additional premium.
○ Limits that apply to jewellery and watches means we will pay for loss or damage to your jewellery and watches
which are specifically stated in the schedule. If you are unable to provide proof of ownership as described under
the 'How we set tle your claim', payment will be limited to the amount stated in the schedule any one item.