Page 44 - Sectional Title Policy Wording

SUB-SECTION A DEFINED EVENTS
MONEY
Loss of or damage to money (as defined) occurring in the Republic of South Africa, Namibia, Lesotho, Botswana, Eswatini (formerly Swaziland), Zimbabwe, Mozambique and Malawi except if otherwise specified.
PROVIDED THAT:
the liability of Hollard for all loss or damage arising from all occurrences of a series consequent upon or attributable to one source or original cause will not exceed the specific limitations stated in the Schedule.
DEFINITIONS
Money
Money
Cash, bank and currency notes, postal orders, money orders, current negotiable postage, revenue and holiday stamps, credit card vouchers and documents, certificates or other instruments of a negotiable nature, prepaid vouchers, the property of the Insured or for which they are legally responsible
Receptacle
Clothing
Any safe, strongroom, strongbox, till, cash register, cash box or other receptacle for money or any franking machine
Clothing and personal effects not otherwise insured belonging to You or to any principal, partner, director or employee of Yours
CLAUSES AND EXTENSIONS Credit/debit cards
The Company will indemnify You against loss as a result of illegal use of any credit, charge, debit or cash card issued in the Your name;
PROVIDED THAT:
1. the card is used by an unauthorised person;
2. the loss is reported immediately to the Police and the registered issuing administrator of the card after the loss of the card is discovered;
3. You complied with all terms and conditions of issue by the registered issuing administrator related to lost or stolen cards;
4. the liability of Hollard shall not exceed R5 000 (five thousand rand) per event or R15 000 (fifteen thousand rand) during any insurance period.
Receptacles and clothing
In addition to any payment in respect of a defined event, Hollard will indemnify You in respect of receptacles and clothing (as defined) lost or damaged as a result of theft of money or attempted theft of money;
PROVIDED THAT:
Hollard’s liability under this Extension shall not exceed R5 000 (five thousand rand) any one claim.
Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided.
Seasonal increase
The major limit as stated in the Schedule is increased by 15% (fifteen percent) during the period of 15 December to 15 January or any other period as stated in the Schedule;
Page | 42 Sectional Title Insurance Policy Wording – Version 4 2023