Page 47 - Sectional Title Policy Wording

Money
Insured having reason to believe that any unauthorised person may be in possession of a duplicate of such key or alarm controller;
PROVIDED THAT:
1. the Company's liability shall not exceed the amount stated in the Schedule; and
2. the Insured shall be responsible for the first 10% (ten percent) of the claim with a minimum of R500 (five hundred rand) each and every claim.
Riot and strike extension
Subject otherwise to the terms, conditions, exclusions, exceptions and warranties contained therein, this section is extended to cover loss or damage directly occasioned by or through or in consequence of:
1.1 civil commotion, labour disturbances, riot, strike or lockout;
1.2 the act of any lawfully established authority in controlling, preventing, suppressing or in any other way dealing with, any occurrence referred to in 1.1 above;
PROVIDED THAT:
this Extension does not cover:
1. loss or damage occurring in the Republic of South Africa and Namibia;
2. consequential or indirect loss or damage of any kind or description whatsoever;
3. loss or damage resulting from total or partial cessation of work or the retarding or interruption or cessation of any process or operation;
4. loss, damage, cost or expense directly or indirectly arising from dispossession, detention, confiscation, forfeiture, impounding or requisition legally carried out by customs, police services, crime prevention units or other officials or authorities;
5. loss or damage related to or caused by any occurrence referred to in general exception 1.1.2, 1.1.3, 1.1.4, 1.1.5 or 1.1.6 of this policy or the act of any lawfully established authority in controlling, preventing, suppressing or in any other way dealing with such occurrence.
If Hollard alleges that, by reason of provisos 1, 2, 3, 4 or 5, loss or damage is not covered by this section, the burden of proving the contrary will rest on You.
SPECIAL CONDITIONS (applicable to Sub-Section A) 1. Money in transit
Unless otherwise stated in the Schedule, Hollard shall compensate You for loss of or damage to money as defined whilst in transit;
PROVIDED THAT:
1. the transit route is by direct journey and uninterrupted to and from the bank;
2. the money is not left in an unattended vehicle;
3. money up to, and including, R20 000 (twenty thousand rand) is carried and under the control of at least one of Your permanent employees;
4. money valued between, and including, R20 001 (twenty thousand and one rand) but less than R30 000 (thirty thousand rand) is carried and under control of at least two of Your permanent employees and split equally between them;
5. money in excess of R30 000 (thirty thousand rand):
5.1 is carried by an approved and professional money handler;
5.2 is carried in a vehicle specifically converted for the purpose of carrying cash;
5.3 the vehicle is equipped with armed guards and linked to a control room; and
5.4 Provision 1, 2, 3 and 4 shall not apply to Provision 5.
You shall be responsible for the first 15% (fifteen percent) of each claim with a minimum of R1 000 (one thousand rand) or the amount stated in the Schedule.
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