Page 52 - Policy Wording - Hollard Prestige Portfolio 1.4

○ Loss of water by leakage
We will pay for charges levied by a local authority for water lost through leakage, breakage or bursts from pipes in
your water mains system up to the limit stated in the schedule provided that:
– the consumption reading must be at least 50% more than the average of the previous four (4) readings preceding it
– you take immediate steps to repair the pipes affected on discovery of a leak by physical evidence or on receipt of an abnormally high water account
– leaking taps, geysers, toilet systems and swimming pools are excluded
– the insured address has not been unoccupied for more than 60 consecutive days
– we will not be liable for more than two separate incidents in a period of 12 months.
○ Mechanical or electrical breakdown
We will cover the sudden and unexpected electrical or mechanical breakdown of fixed equipment that you use solely for domestic purposes at your insured address up to the limit stated in the schedule. Refer to specific definitions of this section for a description of fixed equipment.
We do not cover loss or damage covered by any manufacturer’s guarantee, purchase agreement or service contract.
○ Power surge
We will pay for loss or damage to:
– fixed, electronic or electrical equipment that forms part of your fixtures and fittings of your home because of lightning up to the sum insured
– fixed, electronic or electrical equipment that forms part of your fixtures and fittings of your home because of electrical surge or load shedding up to the limit stated in the schedule.
The excess stated in the schedule applies to this cover.
○ Removal of fallen trees
We will upon our authorisation pay up to the limit stated in the schedule to remove:
– fallen trees from your insured address
– trees at the insured address that are threatening to fall and cause damage to your residence, or
– trees in your garden at the insured address that are threatening to fall and cause damage to your neighbour’s residence,
provided that the cause of the tree falling is as a result of fire, lightning, explosion, storm, wind, water, hail or snow, up to the limit stated in the schedule.
Section 1 – Home
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Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023