Page 27 - Agriculture Policy Wording Binder

Fire
PROVIDED THAT:
1. the
Company shall not be liable to pay for loss or damage:
2. the
Company’s liability shall not exceed R12 500 (twelve thousand five hundred rand) any one event;
1.1 caused by, or aggravated by, wear and tear, rust, decay or gradual deterioration;
1.2 caused by cracking or splitting of the unit due to wear and tear;
1.3 as a result of faulty material or workmanship, inherent device and latent defects or faulty or defective design;
1.4 recoverable in terms of manufacturer's warranty;
1.5 loss or damage as a result of failure or deliberate withholding of supply of water or electricity or fuel;
3. the
thousand rand) for each and every claim.
Insured shall be responsible for the first 10% (ten percent) of the claim with a minimum of R1 000 (one
Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided.
Specific condition
The geyser(s) must be installed in accordance with SANS specification 10254 where applicable and in accordance with the manufacturer's specifications or any other SANS specification applicable. If the Company can demonstrate the geyser was not installed in accordance to specification the Insured shall be responsible for the first R1 500 (one thousand five hundred rand) of each claim in addition to the first amount payable as stated in provision 3 above;
8. accidental damage to sanitary-ware up to R50 000 (fifty thousand rand) for each and every incident of such damage and the Insured shall be responsible to pay the first R1 000 (thousand rand);
9. damage caused by discharge or leakage from any sprinkler or drencher system or fire extinguishing installation/ appliances in the buildings insured hereby or in the building containing property insured, up to R50 000 (fifty thousand rand);
10. shade nets and canopies:
10.1 the Company will pay for loss or damage to shade nets and canopies in the open at the premises and included in the sum insured caused by hail, wind, snow or storm up to R50 000 (fifty thousand rand) for each and every event;
PROVIDED THAT:
1. 2.
Up to 1 year
Up to 2 years
Up to 3 years
the condition of average shall apply;
the Insured shall be deemed to be Co-Insurer on the basis stated in the table below:
Age of shade nets
% of Co-insurance
Age of shade nets
% of Co-insurance
10%
25%
40%
Up to 4 years 60%
Up to 5 years 80%
Older than 5 years 100%
10.2 Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided;
11. such additional perils as stated in the Schedule.
SPECIFIC EXCEPTIONS
This insurance does not cover:
1. damage to property occasioned by its undergoing any heating or drying process;
Policy Wording – Agriculture – Binder – Version 2 2023
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