Page 94 - Sectional Title Policy Wording

2. First amount payable
In respect of each and every occurrence giving rise to a claim under this Sub-Section A, You will be responsible for the first amounts payable stated in the Schedule (according to the type of vehicle) of any expenditure (or any less expenditure which may be incurred) for which provision is made under this Sub-Section A (including any payment in respect of costs, expenses and fees), and of any expenditure by Hollard in the exercise of any discretion it may have under this insurance. If the expenditure incurred by Hollard shall include any first amount payable for which You are responsible, such amount shall be paid by the You to Hollard.
3. Fire, lightning and explosion
The first amount payable shall not be applicable to loss or damage as a result of fire, lightning or explosion.
4. Sound equipment
In respect of each and every occurrence giving rise to a claim following upon theft or attempted theft of motor radios, cassette players and any other equipment of a similar nature or telephones:
4.1 if supplied by the manufacturer when new
the replacement value of the item subject to the standard Compulsory First Amount Payable stated in the Schedule;
4.2 not supplied by the manufacturer when new (after-market installation)
not specified as a separate item in the Schedule, limited to R3 500 (three thousand five hundred rand) subject to a first amount payable of R500 (five hundred rand);
4.3 specified in the Schedule
the amount stated in the Schedule and reduced by the amount stated in the Schedule.
SPECIFIC EXCEPTIONS (applicable to Sub-Section A)
Hollard will not be liable to pay for any:
1. consequential loss as a result of any other cause;
2. money paid towards the upgrade of or extension of a maintenance plan or similar expense;
3. depreciation in value whether arising from repairs following a Defined Event or otherwise;
4. wear and tear;
5. mechanical, electronic or electrical breakdown, failure or breakage;
6. damage to tyres:
6.1 by application of brakes; or
6.2 by road punctures, cuts or bursts; or
6.3 as a result of inequalities of the road or other surface or to impact with such inequalities;
UNLESS:
damage to tyres is accompanied by damage to other parts of the vehicle;
7. damage to springs/shock absorbers due to inequalities of the road or other surface or to impact with such inequalities;
8. damage to the insured vehicle caused by or attributable to the un-roadworthy condition of the vehicle;
9. loss, damage, cost or expense directly or indirectly arising from permanent or temporary dispossession resulting from detention, confiscation, forfeiture, impounding or requisition legally carried out by Customs, Police Services, Crime Prevention Units or any lawfully constituted officials or authorities.
Motor
Page | 92 Sectional Title Insurance Policy Wording – Version 4 2023