Page 84 - Policy Wording - Hollard Prestige Portfolio

82 Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
Section 5 – Personal liability
Specific definitions to this section
○ Bodily Injury means physical injury to the body caused by violent, accidental, external and visible means.
○ Security firms means if a member of a security firm employed by you causes loss or damage and is under a
contract which states there is no recourse against the security company, we will not prejudice you in terms of
payment of the claim.
○ You/your means members of your family for whom you are financially responsible and who reside with you.
○ Third party means any person other than a member of your family or domestic employee or any domestic
employee in your service.
Where we cover you
Anywhere in the world, but the domicile insured addresses will be limited to the Republic of South Africa.
What is covered
When you claim for personal liability, the amount we pay will always be limited to a specific amount in any 12-month
period. These amounts are chosen by you when you take out the policy and are stated in the schedule.
In some cases, we may pay out less than the maximum stated in the schedule if we decide that it represents a fair
settlement. We may pay you the full limit or any lesser amount for which the claim may be settled to finalise a claim.
All payments are made in South Africa, in local currency.
○ If you have Contents cover under this policy we provide personal legal liability which means damages, costs and
expenses for which you are legally liable during the period of insurance in respect of accidents resulting in bodily
injury, death or illness to any third party or loss or damage to property which belongs to any third party.
We will indemnify you up to the sum insured stated in the schedule, including defence costs and expenses incurred
with our written consent.
In the event of your death we will indemnify your personal legal representative under the terms of this paragraph
in respect of liability incurred by you or a member of your family.
○ When you have home cover under this policy we provide property owner’s liability, which means we cover your
legal liability to pay for death or bodily injury to other people or loss or damage to their property resulting from an
incident which happens in connection with you owning the home and at the insured address.
We will indemnify you up to the sum insured stated in the schedule, including defence costs and expenses incurred
with our written consent.