Page 73 - Policy Wording - Hollard Prestige Portfolio

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Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
Section 3 – Assets specified
○ Reinstatement of specified items following a claim means if any item stated in the schedule is subject to a total
loss, the lost, damaged or stolen item will be deleted from the schedule. The onus is upon you to advise us to
insure the replaced item and provide us with its description and sum insured.
What is not covered
○ We will not cover any loss or damage caused by, or consisting of:
– dryness or moisture, exposure to light or extreme temperatures, unless the loss is caused by storm or fire
damage
– anything that happens gradually, including smoke and dust damage, rising damp, fungus or mildew, mould,
action of light, atmospheric or climatic conditions, corrosion, rot, rust, decay or a rise in the water table
– scratching, chipping, chewing, tearing, disfiguration or discolouration and cracking or denting
– gradual deterioration, lack of maintenance, depreciation or wear and tear
– defective workmanship or design or the use of faulty materials
– infestation, vermin, rats, mice, insects, pests or domestic pets
– loss, damage or deterioration of an item caused by any process of cleaning, repairing, restoring, dyeing,
bleaching or alteration
– damage to glass, glassware, jewellery or other brit tle articles due to cracking, denting, chipping or scratching
– loss or damage to money, credit and cash cards or other negotiable instruments used in financial trading
– breakage of mirrors, glassware, crystal, crockery or china while they are being used, cleaned or carried by
hand
– items that fail while still under their manufacturer’s guarantee
– over-winding of clocks.
○ We do not cover the cost of reproducing sound, data and images on tapes, records, compact discs, films or
magnetic media or any other electronic media.
○ We do not pay for fixtures, fittings and contents of caravans and trailers. These have to be separately insured
under the Motor vehicle, Section 8.
○ We do not cover loss or damage to firearms caused by rust, bursting or breakdown.
○ We do not cover loss or damage to a firearm and gun when it is not in a locked gun safe or if you are not carrying
it at the time.
○ We do not pay for mechanical or electrical breakdown where there is no other damage.