Page 82 - Policy Wording - Hollard Prestige Portfolio 1.4

Where we cover your fine arts
Anywhere in the world, but the domicile insured address/es will be limited to the Republic of South Africa.
We will pay for loss or damage to your fine arts temporarily removed from the home provided that theft or attempted theft of fine arts temporarily removed to another premises or out of a vehicle must be accompanied by evidence of violent and forced entry.
What is covered
○ We will cover you against loss or damage from a cause which happens in the locations stated in `Where your fine arts are covered' during the period of insurance, subject to the terms, conditions, exclusions and limits described in this policy.
○ We reserve the right to request a valuation certificate and/or proof of purchase prior to settlement in the event of a claim. You need to ensure that your fine arts are regularly re-valued, as they are subject to currency fluctuations. All valuation certificates must be in South African currency.
○ Appreciation
We will pay you for an increase in value of the item in the event of loss or damage, up to the limit stated in the
schedule.
○ Depreciation
We will cover loss of value to an item where it occurs as a direct result of damage covered under this policy up to
the sum insured stated in the schedule.
○ Liability to the public
We will cover you for personal legal liability under Section 5, Personal Liability as far as it applies to your liability
as the owner of the fine arts.
○ Temporary storage costs
If, in our opinion, your building is rendered uninhabitable or the security is compromised as a result of loss or
damage at your insured address, we will cover you up to the limit stated in the schedule for:
– reasonable temporary storage costs
– transporting and securing your collection, provided you have our prior written agreement.
Section 4 – Fine arts
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Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023