Page 15 - Policy Wording - Hollard Prestige Portfolio 1.4

General terms and conditions
General conditions
The following general conditions apply to all the sections of the policy. We may reject your claim if you fail to comply and/or reclaim any benefit already paid to you and we will be entitled to cancel your policy.
○ Due care means:
– you must take reasonable steps to prevent accidents, bodily injury or illness and to protect your property
against loss or damage
– you must keep any property insured under this policy in good condition and repair and ensure that every insured item is afforded a level of care and protection commensurate with its value.
○ Duty of disclosure means you must make sure that all the information you give us about yourself, your property and your risk profile is accurate. This will include for example information about your financial situation, such as insolvency, taking up a dangerous sport like hang-gliding or a change in the driver of your vehicle. Incomplete or incorrect information could affect the validity of your policy, and may result in us voiding your policy.
You must tell us immediately of any material changes that may increase the risk of loss or damage to your insured property. We will then have the right either to cancel the policy, or let it continue with new terms and conditions.
If you are unsure it is better to tell us. If you do not tell us something which you know or should know is relevant, we might reduce a claim, reject a claim, cancel your policy or if fraud is involved, we can treat the policy as if it never existed.
○ Fraud or wilful acts means you will lose all rights to claim under this policy if you or anyone acting on your behalf:
– claims fraudulently
– commits a deliberate, wilful or intentional act resulting in the loss or damage claimed for
– submits fraudulent or false information or documents in support of a claim
– deliberately exaggerates the total value of a claim.
○ Insurable interest means you must have an insurable interest in the insured property. You must stand to benefit from its continuous undamaged existence; or to be prejudiced by its loss or damage; or by any liability which may occur.
Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023 13