Page 251 - Agriculture Policy Wording Binder

Fire – Crop & Stack & Tobacco (Field to Floor)
Transit
1. the Company shall indemnify the insured up to R100 000 (one hundred thousand rand) per event, or R200 000 (two hundred thousand rand) in the aggregate any one period of insurance, for the loss of or damage to whole or part of the property described in the Schedule, directly caused by fire, lightning, flood, collision and overturning of the conveyance including loading and unloading of the cargo;
2. the Insured shall be responsible for the first R2 500 (two thousand five hundred rand) each and every claim.
DEFINITIONS
Bags
Any number of bags on the land or at the stacks as may be required for the normal activities of one day
The term ‘occurrence’ shall mean an occurrence or series of occurrences arising from one cause of which indemnity is provided by this insurance
Any stacks consisting of “Ouland” grass (Eragrostis) and/or field grass insured hereunder shall consist of grass harvested during the current season
Occurrence
Crop whilst standing on the land, being harvested, bundled, piled, baled, stacked, thrashed, foraged and contained loose or in bags (silo bags included) in the fields where it has been harvested and whilst in transit to a stack or to the railway station or depot and in any place where it is temporarily stored (maximum 7 days) prior to being sold
Property consisting of air cured tobacco (excluding Burley) only, from the moment it is picked, bundled, piled, baled, stacked and contained loose or in bags in the fields where it has been picked and whilst in transit to the point of delivery and in any place where it is temporarily stored (maximum 7 days) prior to being sold.
Crop
Tobacco
Stack (“ouland” and/or other field grass)
Transit
SPECIFIC CONDITIONS
Crude fodder
Destruction of or damage to the insured property belonging to the Insured directly caused by fire, lightning, flood, collision and overturning of the conveyance, loading and/or unloading of the cargo and theft following the abovementioned occurrences whilst conveyed in or on any means of conveyance from the farm
to the nearest railway station, depot, warehouse, agent or place of storage or temporarily stored or whilst in or on the harvester/combine.
In the event of loss or damage to property insured caused by fire, lightning or explosion as described in this Section the Company’s liability shall be limited to:
1. 85% (eighty five percent) of the loss or damage in respect of property insured inside buildings;
2. 75% (seventy five percent) of the loss or damage in respect of property insured:
2.1 standing on the lands;
2.2 left harvested in the fields in the process of preparation and gathering;
2.3 left baled in the fields in the process of gathering;
2.4 packed in a stack/pile or packed in a group of stacks/piles constituting one fire risk exceeding in the aggregate R350 000 (three hundred and fifty thousand rand) in value;
3. 85% (eighty five percent) of the loss or damage in respect of property insured packed in a stack/pile or packed in a group of stacks/piles constituting one fire risk not exceeding in the aggregate R300 000 (three hundred thousand rand) in value;
PROVIDED THAT:
1. the liability of the Company shall be limited to a maximum of R500 000 (five hundred thousand rand) any one occurrence unless specifically otherwise agreed with the Company and stated in the Schedule as such;
2. these Memoranda shall apply separately to every stack/pile, group of stacks/piles constituting one fire risk;
Policy Wording – Agriculture – Binder – Version 2 2023 Page | 249