Page 32 - Hollard Private Portfolio - Version 3.3

Power surge – increased cover
Pay-out is limited to the amount stated in the Schedule.
We will cover you for loss or damage to the buildings caused by power surge. An excess, as shown in your policy schedule, will apply if you do not install an approved surge protection device. Please refer to the Power surge protection device section under Your responsibilities for the device requirements.
This additional cover applies if the limited cover is not enough to replace or repair the damage.
What is not covered
Loss or damage caused by
You are not covered for loss or damage that is due to:
○ the buildings not being maintained properly
○ domestic animals that belong to you
○ vermin, except for monkeys and baboons. Vermin are animals and insects that can be harmful and are difficult to control when they appear in large numbers. Vermin include moths, rodents, termites, parasitic worms or any other animal or insect classified as invasive species
○ mildew, damp, wet- or dry-rot, wear and tear, or any other gradually operating cause
○ defective – design, specification, construction, workmanship or material of the insured property.
You are also not covered for:
○ loss or damage whilst the building is vacant, abandoned or illegally occupied
○ loss or damage caused by theft where your building is unoccupied for more than 60 consecutive days, unless we have agreed to it or you have told us that it is a holiday home.
We do not cover loss or damage to your building during structural alterations or additions to the home in the following instances:
○ cracking, collapse, subsidence, landslip or ground heave caused fully or partially by the alterations or additions
○ accidental damage caused by the contractor
○ theft unless there is evidence of violent or forced entry or exit from the building
○ water, storm or flood damage to the building where structural alterations and additions have not been fully completed
○ malicious damage or vandalism caused by the contractor to unfinished parts of the building. Subsidence, landslip or ground heave
No cover for subsidence, landslip or ground heave, if it is caused by:
○ Normal settlement, shrinkage, or expansion of the building.
○ Structural alterations, additions, or repairs.
○ The inadequate compaction of infill or construction.
○ Damage which existed before your policy started.
○ The removal or weakening of support to the building.
○ Excavations on or under land other than mining operations.
○ Defective design, materials, or workmanship.
○ Loss of or damage to solid floor slabs or any other part of the private residential building or outbuildings resulting from the movement of such slabs, unless the foundations supporting the external walls of the building are damaged by the same cause at the same time.
Buildings
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Hollard Private Portfolio – Version 3.3 – 9 Feb 2023