Page 68 - Hollard Private Portfolio - Version 3.4

All Risks
○ The item is insured as a specified item on this policy and as unspecified property on another policy: If an item is insured as a specified item and you also have it covered as unspecified property with another insurer, then you must claim from this policy and not from the other insurer because you pay a specific premium for it under this policy.
○ The item is insured under both policies as specified items: If an item is insured as a specified item, and the same item is also insured with another insurer as a specified item for which you pay a specific premium, then the full amount of the claim will be split proportionally between the two policies. Please refer to the Dual insurance clause in the Understanding your policy section for a full explanation of how this works.
○ The item is insured under both policies as unspecified property: If an item is insured as unspecified property, and you also have it covered as unspecified property with another insurer, then the full amount of the claim will be split proportionally between the two policies. Please refer to the Dual insurance clause in the Understanding your policy section for a full explanation of how this works.
Pairs and sets
We will not pay more than the proportionate value of any article that is part of a pair or set. So if you lose one earring, for example, we will pay out the value of only that one earring.
You always pay the first amount, or excess
You will always have to pay the first part of any claim settlement. This is known as the excess, and is listed in your policy schedule.
What we cover you for
Accidental loss or damage worldwide
We cover you for loss or damage to your insured property normally worn or carried by you, or which often leaves your home, anywhere in the world, from any accidental cause (including power surge) that is not specifically excluded in this section.
In the case of specified property we even cover you for loss due to jamming of your remote control as set out hereunder.
Remote blocking – specified property
If specified property is stolen from your vehicle without any forced entry and you blame that on interference with your remote control by a jamming device, then you must prove it to us. The item must be out of view, for instance inside a locked boot, inside the glove compartment or under a seat.
The amount of the pay-out will depend on whether the evidence is acceptable to us and whether it can be backed up by CCTV footage. Check your policy schedule now to see what the applicable limits are.
For example: Your watch is covered under this policy as a specified item and you pay a specific premium for it. This means that you pay a premium that is based on the value of your watch. If your watch is stolen, the other insurer will not pay for the watch under their policy. You must claim for the watch from this policy.
Example
If you successfully claim R2 000 for a lost watch, and the excess for that claim is R250, your net pay-out from us will be R1 750.
Where is my insured property covered?
Your insured property (Unspecified and Specified) is covered while you are wearing it, carrying it or travelling with it anywhere in the world. If, however, your property is not carried or worn by you, you must comply with the requirements such as having it kept in a safe or taking reasonable steps to prevent loss or damage. Where the size of the item allows, valuables should be taken on board of flights as hand luggage and locked in a safe when at your accommodation unless we have agreed otherwise.
66 Hollard Private Portfolio – Version 3.4 – 17 Aug 2023