Page 43 - Sectional Title Policy Wording

Business Interruption
1. Prevention of access – extended cover (if stated in the Schedule to be included)
Property within a 10 km (ten kilometre) radius of the insured premises, destruction of or damage to which will prevent or hinder the use of the premises or access thereto, whether Your premises or property therein will be damaged or not;
PROVIDED THAT:
the Company will not be liable to pay more than 75% (seventy five percent) of the gross profit, gross rentals or revenue sum insured for each and every event or R20 000 000 (twenty million rand), whichever is the lesser.
For the purpose of this Extension only, "insured premises" shall mean:
1.1 the Insured's premises stated in the Policy Schedule;
1.2 Extensions to other premises as stated under the Clauses and Extensions of the Business Interruption section being:
1. Public utilities – insured perils only;
2. Public telecommunications – insured perils only;
but only if the applicable optional extension has been selected and stated in the Policy Schedule to be included.
2. Public telecommunications – insured perils only
2.1 Property at the premises of any public authority which is empowered by law to supply a telecommunications facility to You,
2.2 the transmission facilities network of the public authority mentioned in 2.1;
PROVIDED THAT:
Hollard will not be liable to pay more than 75% (seventy five percent) of the gross revenue or gross rentals sum insured for each and every event or R20 000 000 (twenty million rand), whichever is the lesser.
3. Public utilities – insured perils only
Property at electricity generating stations, sub-stations or transmission networks, gasworks including the related gas distribution network, water purification plants, pumping stations, aqueducts and pipelines of an authority empowered by law to supply water, gas or electricity for consumption by the public and which results in an interruption of water, gas or electricity to Your premises;
PROVIDED THAT:
Hollard will not be liable to pay more than 75% (seventy five percent) of the gross revenue or gross rentals sum insured for each and every event or R20 000 000 (twenty million rand), whichever is the lesser.
Sectional Title Insurance Policy Wording – Version 4 2023 Page | 41