Page 103 - Sectional Title Policy Wording
P. 103
Motor
3. The rental period:
3.1 starts on the day Hollard admits liability in terms of the original claim and agrees to the rental;
3.2 the rental period shall cease at the time when:
3.2.1 the vehicle is recovered upon theft (and repaired if necessary) and returned to the owner;
3.2.2 the vehicle is repaired after being damaged and returned to the owner;
3.2.3 Hollard has discharged liability in respect of the loss suffered;
3.2.4 after 30 (thirty); 45 (forty five) or 60 (sixty) consecutive days (as stated in the policy schedule),
whichever occurs first.
This extension is only applicable to private type motor cars and light commercial vehicles up to a GVM of 3 500 kg (three thousand five hundred kilograms).
Waiver of basic compulsory first amount payable
The Basic Compulsory First Amount Payable as stated in the Schedule is hereby cancelled;
PROVIDED THAT:
1. this Extension applies to You and Your designated driver who is older than 25 (twenty five) years of age and has held a valid driver's licence for more than 5 (five) years and which is unendorsed;
2. this Extension shall not apply to windscreen claims and if the loss or damage is as a result of theft or hi-jacking of the vehicle.
This extension is only applicable to private type motor cars and light commercial vehicles up to a GVM of 3 500 kg (three thousand five hundred kilograms).
OPTIONAL LIMITATION OF COVER (if stated in the Schedule to be applicable) Third party only limitation
The following are cancelled:
1. Sub–Section A;
2. Sub–Section C.
Third party and fire only limitation
The liability of Hollard under Sub-Section A is restricted solely to loss or damage resulting from fire, self-ignition, lightning or explosion. Furthermore, Sub-Section C is cancelled.
Third party, fire and theft only limitation
The liability of the Company under Sub-Section A is restricted solely to loss or damage resulting from fire, self-ignition, lightning or explosion or theft/hi-jack. Furthermore, Sub-Section C is cancelled.
SPECIFIC EXCEPTIONS (applicable to all Sub-Sections)
1. Hollard will not be liable for any accident, injury, loss, damage or liability:
1.1 whilst the vehicle is being used with Your general knowledge and consent of otherwise than in accordance with the description of use clause;
1.2 incurred:
1.2.1 outside the Republic of South Africa, Namibia, Botswana, Lesotho, Eswatini (formerly Swaziland), Zambia, Zimbabwe, Malawi and Mozambique;
PROVIDED THAT:
Hollard will not be liable for any accident, injury, loss, damage or liability if the country entered into provides cover on entry;
Sectional Title Insurance Policy Wording – Version 4 2023 Page | 101