Page 86 - Policy Wording - Hollard Prestige Portfolio 1.4

Optional cover
The following cover is available at an additional premium. These amounts are not part of the sum insured for fine arts. ○ Exhibitions cover
Should the property insured be exhibited at any art exhibition the following conditions will apply before cover will be applicable:
– You need to notify us before the items are to be exhibited at the exhibition. The end date will be the date the items are returned to the premises as stated in the schedule.
– You must supply all relevant details for the exhibition location and the security arrangements that will be in place.
– We may at our discretion stipulate certain requirements in order for cover to be in force. Our rights
○ Appreciating asset clause means in order to have any lost or damaged items re-valued, you will have to provide up-to-date valuations prior to any loss or damage and subsequent claim. The valuations should be no older than 24 months at the time of loss or damage. The re-valuation will rely on clear images of the insured items, which must also be provided prior to any loss or damage.
○ Repaired items means if damaged items which are the subject of a claim are fully restored, we will continue to insure them at a new value agreed without any additional premium. We reserve the right to review the premium at renewal of the policy.
○ Valuation certificates
We may request you to provide us with a valuation certificate prior to settlement of a claim. You must ensure that
your fine arts are re-valued every two years. If the sum insured is not adequate, average will apply.
Section 4 – Fine arts
84 Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023