Page 20 - Agriculture Policy Wording Binder

General Exceptions, Conditions and Provisions
Whatever period of 72 consecutive hours is used for the purpose of this General Condition shall also be used for the purpose of any First Amount Payable provisions in this Policy. An event which continues uninterrupted for a period exceeding 72 hours shall not, however be regarded as more than one event for the purposes of the application of the First Amount Payable.
Should any time period referred to above commence prior to expiration and extend beyond the expiration of this Policy, the Company shall pay all such losses occurring during such period as if such period falls entirely within the term of this Policy.
The Company shall not however be liable in terms of this General Condition for any loss occurring before the effective date and time or commencing after the expiration date and time of this Policy.
34. Medical expenses benefit
The medical benefit included in any Section of this Policy does not provide the benefits of a medical scheme and is not a substitute for a medical scheme membership.
GENERAL PROVISIONS
1. Claims preparation costs
The insurance by each Section of this Policy is extended to include costs reasonably incurred by the Insured in producing and certifying any particulars or details required by the Company in terms of General Condition 8 Claims or to substantiate the amount of any claim;
PROVIDED THAT:
the liability of the Company for such costs shall not exceed R250 000 (two hundred and fifty thousand rand) for each and every occurrence and in the annual aggregate applicable to all Sections cumulatively claimed under 1.1.
Additional cover may be purchased per Section in which case the limit stated in the Schedule will be over and above the automatic cover provided under this Provision.
2. Payments on account
In respect of any Section where amounts recoverable from the Company are delayed pending finalization of any claim, payments on account may be made to the Insured, if required, at the discretion of the Company.
3. First amount payable
Except where provided for specifically in any Section, the amount payable under this Policy/Section for each and every loss, damage or liability shall be reduced by the first amount payable shown in the Schedule for the applicable defined event.
4. Members, directors, partners or employees
Wherever the word "director" is used it is deemed to include "member" if the Insured is a close corporation.
5. Meaning of words
The Schedule, any endorsements thereto and the Policy Wording shall be read together and any word or expression to which a specific meaning has been given in any part thereof shall bear such meaning wherever it may appear.
6. Holding covered
If the Company is holding covered on a risk they will not reject a claim on the basis that the premium has not been agreed.
7. Schedule sums insured blank
If, in a Schedule of this Policy the sums insured, limit of indemnity or compensation is:
7.1 left blank or has no monetary amount stipulated against it;
7.2 reflected as nil or not applicable or not covered or no indemnity extended;
this means the defined event or circumstance shown in the Schedule is not insured by the Policy.
Page | 18 Policy Wording – Agriculture – Binder – Version 2 2023