Page 85 - Policy Wording - Hollard Prestige Portfolio 1.4

Section 4 – Fine arts
The most we will pay under this section for both the item concerned and legal costs is the limit stated in the schedule.
It is a condition of this section that the purchase of the item must have been made after the start date of the policy and any relevant claim in relation to defective title is made against you during the period of insurance.
You must provide proof, to our satisfaction, that you took all reasonable steps to check the origin of the item, particularly if purchased from a source other than from a member of a recognised art or antique trade association or an auctioneer specialising in fine art and antiques.
○ New acquisitions
We will allow an automatic increase in the total sum insured up to the limit stated in the schedule to cover any items you recently purchased provided you notify us within 30 days from the date of purchase and pay the additional premium as determined by us.
○ Transit
We will cover you against loss or damage to the collection when in transit, up to the limit stated in the schedule,
provided:
– the items are in your close personal safekeeping or that of your agents agreed by us
– the items are not left unattended in a vehicle. The excess stated in the schedule applies to this cover.
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