Page 39 - Hollard Namibia – Motor & Household Policy Wording

Buildings
Key terms to understand
You
Building
Risk address
Standard construction
Includes yourself, your spouse and any members of your immediate family who normally reside with you, and are financially dependent on you
Your private home, with all its infrastructure, fixtures and fittings (see full list below)
The address stated in your SCHEDULE
Means that all buildings have been built with:
o walls of brick, stone or concrete;
o roofs of slate, tile, concrete, asbestos or metal.
The building includes:
o outbuildings, garden sheds, landlord’s fixtures and fittings;
o paths and driveways constructed of brick, concrete, pavers, asphalt or stone (not gravel); o walls, gates and fences (excluding hedges);
o swimming pools (excluding portable pools or those above ground level);
o fixed filtration plant and water-pumping machinery;
o boreholes and water tanks for domestic use;
o septic tanks, water, sewerage, gas, electricity and telephone connections;
o pool safety nets and covers;
o tennis courts, sauna and spa baths;
o aerials and satellite dishes;
o alternative energy units such as solar geysers, solar heating panels and fixed generators.
How much we pay
We will pay out based on the replacement cost or repair cost of the part of your building that is damaged.
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 stated in the SCHEDULE.
Example
If your claim is for a new wall that costs N$10 000 to replace, we will pay you N$10 000 so that you can have a new one built – even if the damaged wall is old.
Example
If you successfully claim N$20 000 for repairs to your swimming pool and the excess for that claim is N$ 500, we pay you N$19 500.
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