Page 47 - Hollard Private Portfolio - Version 3.3

Household contents
Home-based business stock
You are covered for loss or damage to your business stock caused by an insured peril. This is on condition that:
○ you have supplied us with full details of the business activities prior to any loss or damage
○ you have described the type of stock to be insured
○ your premises are still predominantly used for residential purposes
○ your business activities do not introduce additional risks to your home or outbuildings such as spray-painting or welding.
Keys, locks and remote controls – increased cover
We will not pay more than the amount in the Schedule.
We will pay for the cost of replacing lost, stolen or damaged keys, locks and remote controls, as well as the call-out costs of a technician and the reprogramming of any coded alarm system. This will also apply if you have reasonable suspicion that an unauthorised person has access to duplicates.
This is additional cover, and applies if the limited cover is not enough to replace your keys, locks or remote controls.
Power surge – increased cover
We will not pay more than the amount in the Schedule.
We will cover you for loss or damage to the household contents 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 is additional cover, and applies if the limited cover is not enough to replace or repair the damage.
Subsidence, landslip or ground heave – extended cover
You are covered for loss or damage to contents on your premises caused by subsidence, landslip or ground heave. However, this cover does not apply when the subsidence, landslip or ground heave results from:
○ structural alterations, additions or repairs to your premises
○ defective or faulty design, materials or workmanship of the insured property
○ excavations, other than mining operations
○ removal or weakening of the support to your building
○ damage that already existed when your cover started.
If required, you will have to prove that the loss or damage was caused by subsidence, landslip or ground heave.
What is not covered
Breakdown, animals, vermin and damp
You are not covered for loss or damage caused by:
○ mechanical, electronic or electrical breakdown (unless the optional Accidental damage – extended cover is selected)
○ mildew, damp, wet- or dry-rot, wear and tear, or any other gradually operating cause
○ 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.
Hollard Private Portfolio – Version 3.3 – 9 Feb 2023 45