Page 198 - Agriculture Policy Wording Binder
P. 198
Unspecified agricultural implements
In consideration of payment of an additional premium the Company shall indemnify the Insured for loss or damage to unspecified agricultural implements whilst attached to a vehicle stated in the Schedule;
PROVIDED THAT:
1. the vehicle is comprehensively insured in terms of this Section;
2. the Company’s liability shall not exceed R20 000 (twenty thousand rand) in respect of any one occurrence;
3. the Company shall not be liable for the first R500 (five hundred rand) in respect of each and every claim.
Vehicle hire
If a private type motor car or a light commercial vehicle up to a GVM of 3 500 kg (three thousand five hundred kilograms) is insured in terms of Sub-Section A, and the vehicle is stolen, hijacked or damaged and for which the Company accepted liability to compensate for, the Company will at their discretion pay to the Insured the equivalent rental cost of a replacement vehicle or arrange for a replacement vehicle;
PROVIDED THAT:
1. Cost and capacity of vehicle rented:
1.1 the daily rental cost shall not exceed the amount stated in the Schedule;
1.2 the engine capacity of the hired vehicle shall not exceed 2 000 cc (two thousand cubic centimeters);
1.3 the carrying capacity of the hired vehicle shall not exceed 3 500kg (three thousand five hundred kilograms);
1.4 all delivery and/or collection costs;
1.5 administration costs chargeable by the vehicle hire company;
subject to a maximum of R1 500 (one thousand five hundred rand) for each and every event in terms of 1.4 and 1.5 above.
2. Excluded costs (costs the Company shall not be liable to pay):
2.1 any deposits payable;
2.2 fuel used during the rental period;
2.3 parking fees, speeding fines or fines, toll or e-toll costs;
2.4 excesses payable to the rental company.
3. The rental period:
3.1 starts on the day the Company admits liability in terms of the original claim and agrees to the rental;
3.2 the rental period shall cease at the time when:
3.2.1 the vehicle is recovered upon theft (and repaired if necessary) and returned to the owner;
3.2.2 the vehicle is repaired after being damaged and returned to the owner;
3.2.3 the Company has discharged liability in respect of the loss suffered;
3.2.4 after 30 (thirty) consecutive days, 45 (forty five) or 60 (sixty) consecutive days (as stated in the policy schedule;
whichever occurs first.
Waiver of compulsory first amount payable
In consideration of payment of an additional premium the following First Amount(s) payable is hereby cancelled:
1. Sub-Section A (Standard)
2. Windscreen/Glass
3. Additional cumulative first amount payable for:
3.1 3.2
Hail damage Theft/Hijack;
Motor
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Policy Wording – Agriculture – Binder – Version 2 2023