Page 242 - Agriculture Policy Wording Binder

Spray Irrigation Systems on Wheels and Centre Pivots
SPRAY IRRIGATION SYSTEMS ON WHEELS AND CENTRE PIVOTS
SUB-SECTION A – LOSS OR DAMAGE
DEFINED EVENTS
1. Loss of or damage:
to any vehicle described in the Schedule, including its accessories and spare parts whilst therein or thereon.
2. Additional costs
In addition to any event the Company will pay for:
2.1 protection and removal:
the cost of protection and removal to the nearest repairers if such vehicle is disabled by reasons of any loss or damage insured hereby;
2.2 storage:
the cost of storage at the nearest yard, place of safety or repairers if such vehicle is disabled by reasons of any loss or damage insured hereby;
2.3 delivery after repair:
the cost of delivery to the Insured, after repair of such loss or damage to the permanent address of the Insured per the following territorial scope:
Republic of South Africa, Namibia, Botswana, Lesotho, Eswatini (formerly Swaziland), Zambia, Zimbabwe, Malawi or Mozambique;
2.4 emergency repairs:
the Insured may give instructions for emergency repairs to be executed without the previous consent of the Company;
PROVIDED THAT:
a detailed estimate is first obtained and forwarded to the company;
PROVIDED THAT:
the Company shall not be responsible to pay more than R40 000 (forty thousand rand) in the aggregate any one event per vehicle in respect of 2.1, 2.2, 2.3 and 2.4 above.
3. Limit of indemnity
The limit of indemnity for each type of vehicle is as stated in the Schedule shall be the maximum amount payable by the Company;
PROVIDED THAT:
the sum insured for each vehicle specified in the Schedule shall at all times be equal to the new replacement value
4. Basis of settlement 4.1 Partial loss
If the damage can be repaired the Company will pay the cost of restoration to a working order based on the customary daily rates of wages in the district and normal cost of freight, restoration and/or erection costs including custom dues.
Page | 240
Policy Wording – Agriculture – Binder – Version 2 2023