Page 253 - Agriculture Policy Wording Binder

Fire – Crop & Stack & Tobacco (Field to Floor)
Tobacco
In the event of loss or damage to property insured caused by fire or lightning as described in this Section the Company’s liability shall be limited to:
1. 85% (eighty five percent) of the sum insured, in respect of property insured inside buildings constituting one fire risk not exceeding R300 000 (three hundred thousand rand) in value.
2. 75% (seventy five percent) of the sum insured, in respect of property insured:
2.1 left picked or reaped in the fields in the process of preparation and gathering;
2.2 left baled and/or bundled in the fields in the process of gathering;
2.3 packed in a stack/pile/heap or packed in a group of stacks/piles/heaps constituting one fire risk exceeding R300 000 (three hundred thousand rand) in value;
3. 85% (eighty five percent) of the sum insured, in respect of property insured packed in a stack/pile/heap or packed in a group of stacks/piles/heaps constituting one fire risk not exceeding R300 000 (three hundred thousand rand) in value;
PROVIDED THAT:
1. the liability of the Company shall be limited to a maximum of R1 500 000 (one million five hundred thousand rand) any single event in respect of 2 above and limited to a maximum of R300 000 (three hundred thousand rand) each in respect of Memoranda 1 and 3 above unless specifically otherwise agreed by the Company and stated in the Schedule accordingly;
2. these Memoranda shall apply separately to the contents of a building or every stack/pile/heap, group of stacks/ piles/heaps constituting one fire risk;
3. the Insured shall be considered his own insurer for 15% (fifteen percent) in respect of Memoranda 1 and 3 above and/or 25% (twenty five percent) in respect of 2.3 above of the sum insured and shall bear a rateable portion of the loss accordingly;
4. one or more stacks/piles/heaps or groups of stacks/piles/heaps collectively not exceeding R1 500 000 (one million five hundred thousand rand) in value and situated less than 100 (one hundred) meters from each other shall be deemed to constitute one fire risk.
SPECIFIC EXCEPTIONS
This insurance does not cover:
1. damage to property occasioned by its undergoing any heating or drying process;
2. damage to property caused by, or aggravated by depreciation, moths, vermin, insects and termites.
CLAUSES AND EXTENSIONS Average
Applicable to:
1. Crop
If at the time of a claim the number of hectares declared hereunder and in terms of which the yield is estimated is less than the actual number, the estimated yield shall be increased accordingly and average shall be determined as follows:
1.1 The Insured shall be considered his own insurer for the difference, based on calculations as set out above, and shall bear a rateable proportion of the loss accordingly.
2. Stacks & Tobacco
If on the commencement of any destruction of or damage to property insured by any insured peril the value of the property is collectively greater than the sum insured thereon, the Insured shall be considered his/her own insurer for the difference and shall bear a rateable proportion of the loss accordingly. Each item insured, if more than one, shall be separately subject to this condition.
Policy Wording – Agriculture – Binder – Version 2 2023 Page | 251