Page 25 - Sectional Title Policy Wording

Buildings
DEFINITION OF PROPERTY
All the buildings insured and described in the Schedule including all outbuildings thereto (constructed of brick, stone, concrete or metal on metal framework and roofed with slate, tiles, metal, concrete or asbestos unless otherwise stated in the Schedule) and sporting and recreational structures, landlord's fixtures and fittings therein and thereon (including but not limited to, television and radio aerials, satellite dishes and masts, close circuit TVs and cameras, fire extinguishing equipment, lightning conductors, fixed air conditioning units, ventilator fans and geysers (including solar geysers and solar geyser heating panels), fixed filtration plant, water-pumping machinery, electronic gate motors, garage door machinery or burglar alarm systems), walls (except dam walls), gates, posts, fences, and tarred or paved roads, driveways, paths or parking areas.
SUB-SECTION B – PUBLIC SUPPLY CONNECTIONS DEFINED EVENTS
Accidental damage to water, sewerage, gas, electricity and telecommunication connections Your property or for which You are legally responsible, between the property insured and the public supply or mains.
SUB-SECTION C – RENT DEFINED EVENTS
Provided that no amount will be payable in terms of this section except in the event of actual physical loss of or damage to insured property, notwithstanding that the insured property may have been deemed to have been destroyed in terms of Section 48 of the Act, and the provisions of that section do not apply in regard to the application or interpretation of this policy.
1. Loss of rent receivable from tenants
Loss of rent as a result of the property insured being so damaged by any of the perils specified as to be rendered untenantable (including partially untenantable) but only for the period necessary for reinstatement and for an amount not exceeding 30% (thirty percent) of the sum insured applicable to buildings. The basis of calculation shall be the rent payable by You as lessee of the property immediately preceding the damage.
2. Owners as occupiers alternative accommodation
In consequence of the property being so damaged by any of the perils specified in Sub-Section A as to be rendered untenantable
2.1 Hollard will indemnify You in respect of the reasonable cost of equivalent alternative accommodation up to a limit of 30% of the sum insured.
Cover is furthermore extended to include:
2.2 Hollard will indemnify You in respect of the reasonable cost of alternative accommodation for live in domestic employees limited to an amount of R15 000 in the aggregate per period of insurance, and
2.3 Hollard will indemnify You in respect of the reasonable cost of alternative accommodation for Your domestic pets limited to R2 500 in the aggregate per period of insurance
The insurance provided herein does not cover any loss which at the time of happening of such loss is insured by or would but for the existence of this policy be insured by any other policy except in respect of any First amount payable beyond the amount which would have been payable under the policy had this insurance not been effected.
SPECIFIC EXCEPTION
This Section does not cover:
1. property outside the Republic of South Africa, Namibia, Botswana, Lesotho, Eswatini (formerly Swaziland), Zambia, Zimbabwe, Malawi and Mozambique;
2. consequential loss or consequential damage of any kind whatsoever except as provided in Sub-Section B – Rent;
3. depreciation, or gradual causes such as wear and tear, deterioration, rust, rising damp and mildew, corrosion or decay;
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