Page 26 - Sectional Title Policy Wording

Buildings
4. damage caused by moths, vermin or insects, domestic pets, wild animals or reptiles;
5. negotiable securities such as deeds, bonds, bills of exchange, promissory notes and cheques;
6. manuscripts or documents of any kind;
7. prepaid phone cards or cell phone vouchers;
8. motor vehicles, motorcycles, scooters, golf carts, three-wheeled vehicles, quad-bikes, caravans, trailers and all fitted accessories;
9. aircraft, pleasure-craft, hang-gliders and their equipment;
10. livestock or other animals;
11. any loss claimable under another clause or section of the policy.
SPECIFIC CONDITIONS Floor coverings
This policy does not cover the replacement of floor coverings other than in the room or rooms in which damage occurred.
CLAUSES AND EXTENSIONS Architects’ and other professional fees
The insurance under Sub-Section A includes professional fees (for estimates, plans, specifications, quantities, tenders and supervision) necessarily incurred in the reinstatement or replacement of the property insured following damage by a defined event, but in no case exceeding 20% (twenty percent) of the amount payable in respect of such damage;
PROVIDED THAT:
the total amount recoverable shall not exceed the sum insured on the property affected. The amount payable in respect of such fees shall not include expenses incurred in connection with the preparation of Your claim.
Capital additions
The insurance under this section covers alterations, additions and improvements (but not appreciation in value in excess of the sum(s) insured) to the property for an amount not exceeding 20% (twenty percent) of the sum insured thereon, it being understood that You undertake to advise Hollard each quarter of such alterations, additions and improvements and to pay the appropriate additional premium thereon.
Cleaning and maintenance equipment
The insurance under this section of the policy is extended to include cleaning and maintenance equipment owned by You for maintaining and cleaning the premises and kept on said premises;
PROVIDED THAT:
1. Hollard shall not be liable to pay more than R20 000 (twenty thousand rand) any one event or R60 000 (sixty thousand rand) during any one insurance period;
2. You shall be liable for the first 10% (ten percent) of the claim, with a minimum of R500 (five hundred rand) for each claim.
Cost of demolition and clearing and erection of hoardings
The insurance under this section includes costs necessarily incurred by You in respect of the demolition of property insured and/or the removal of debris and in providing, erecting and maintaining hoardings required during demolition, site clearing and/or building operations following damage to the property insured by a defined event;
PROVIDED THAT:
the total amount recoverable will not exceed the sum insured on the property affected.
Hollard will not pay for any costs or expenses
1. incurred in removing debris except from the site of such property destroyed or damaged and the area immediately adjacent to such site;
2. arising from pollution or contamination of property not insured by this policy/section.
Page | 24 Sectional Title Insurance Policy Wording – Version 4 2023