Page 40 - Hollard Private Portfolio - Version 3.4

We will only pay once for the upgrade of an item.
Subsidence, landslip or ground heave – extended cover
Pay-out is limited to the sum insured stated in your policy schedule.
We will cover any loss or damage to the private residential building and the domestic outbuildings (including fixtures and fittings attached to these buildings) caused by subsidence, landslip or ground heave as explained under the limited cover. In addition to this we will also cover the following items and causes that are excluded from the limited cover:
○ Loss or damage to driveways, swimming pools and tennis courts caused by subsidence, landslip or ground heave.
○ Loss or damage to boundary, retaining and garden walls, gate posts, fences, septic or conservancy tanks, water paths, drains, paths and terraces, paving and swimming pool surroundings, but only if the private residential building or outbuildings are damaged at the same time by subsidence, landslip or ground heave.
○ Loss of damage caused as a result of the contraction and/or expansion of active soils due to the moisture or water content of such active soil as is experienced in clay and other similar types of ground.
Specific exclusions apply to subsidence, landslip or ground heave, (for both limited cover and extended cover), under What is not covered.
Keys, locks and remote controls – increased cover
Pay-out is limited to the amount stated in your policy 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.
The limit for this cover is in addition to the limit provided under the heading We also cover you for. Power surge – increased cover
Pay-out is limited to the amount stated in your policy schedule.
We will cover you for loss or damage to the buildings caused by power surge.
This additional cover applies only if you have installed a power surge protection device on the main electrical distribution board and if the limited cover is not enough to replace or repair the damage. Please refer to the Surge protection requirements under the Your specific responsibilities section.
The limit for this cover is in addition to the limit provided under the heading We also cover you for. What is not covered
These exclusions are in addition to the exclusions set out in the General exclusions section. Certain exclusions may be cancelled if you chose a benefit that gives you cover for something that would normally be excluded. We will not pay a claim for any of the benefits set out in the Buildings section of this policy that was caused by or related to any of the following specific exclusions.
Alterations and additions to the building
We do not cover loss or damage to your Buildings as a result of:
Buildings
For example, your electrical geyser needs to be replaced after it burst. You would prefer not to replace it with a similar electrical geyser, but to rather upgrade it to a solar geyser. We will pay the cost to upgrade your electrical geyser to a solar geyser, but only up to the limit stated in your policy schedule.
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Accidental damage while alterations, renovations or additions are being carried out by a business that you have hired to do this work.
Theft when building alterations, renovations and additions are taking place, unless there are visible signs of forcible or violent entry to or exit from the home.
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Hollard Private Portfolio – Version 3.4 – 17 Aug 2023