Page 285 - Agriculture Policy Wording Binder

Personal All Risks
4. any electronic equipment other than stated above such as cameras, video cameras, heart rate monitors etc., with a value in excess of R10 000 (ten thousand rand) or the sum insured as stated in the Schedule, whichever is the lesser;
5. any telecommunication devices;
6. global positioning systems (GPS);
7. stamp or coin collections;
8. camping equipment, or the contents of caravans;
9. golf clubs;
10. remote-controlled aeroplanes/drones;
11. property that is more specifically insured.
3. Money
The Company will cover loss of or damage to cash, bank and currency notes, coins, bonds, coupons, stamps, negotiable instruments, title deeds, manuscripts or securities of any kind or travel tickets up to a value of R1 000 (one thousand rand) or the amount stated in the Schedule whichever is the greater
SPECIFIC EXCEPTIONS
The Company shall not be liable for:
1. loss of or damage to property resulting from or caused by:
1.1 theft from any unattended vehicle unless;
the property is concealed in a completely closed and securely locked vehicle; or
1.1.1 the vehicle itself is housed in a securely locked building; and
1.1.2 entry to or exit from such locked vehicle or building is accompanied by visible signs of forcible and violent entry or exit;
1.2 its undergoing a process of cleaning, repair, dyeing, bleaching, alteration or restoration;
1.3 inherent vice or defect, moths, vermin, insects, damp, mildew or rust;
1.4 the dishonesty of any employee of the Insured whether acting alone or in collusion with others;
1.5 detention, confiscation or requisition by Customs or other officials or authorities;
1.6 breakage of articles of a brittle nature unless such breakage is caused by burglars, thieves or fire;
1.7 loss by leakage of any liquid from the receptacle in which it is contained;
1.8 theft or any attempt thereat or damage from any contract site after normal business hours, unless the property insured is contained in a securely locked building and the loss is accompanied by forcible, visible and violent entry into or exit from the building containing the property insured;
1.9 theft or disappearance which is not identifiable with a specific incident.
2. wear and tear, depreciation or gradual deterioration (including the gradual action of light or climatic or atmospheric conditions) unless following an accident or misfortune not otherwise excluded;
3. loss or damage for which provision is made in any guarantee or service contract, in any contract of purchase or lease agreement or hire purchase or financing agreement or in any other agreement of whatever nature regarding the insured property;
4. loss of or damage to irrigation pipes, electrical motors and other pumping equipment which are situated below the normal flood levels of rivers and streams;
5. loss of or damage to drones or model aeroplanes whilst in flight or in the use for the purpose for which it was designed;
7. mechanical, electronic or electrical breakdown, failure, breakage or derangement unless caused by an accident or misfortune not otherwise excluded;
8. loss of or damage to goods consigned under a bill of lading;
9. loss or damage to photographic and optical equipment whilst the equipment is being used for commercial or professional purposes or expeditions of discovery or research or underwater photography;
Policy Wording – Agriculture – Binder – Version 2 2023 Page | 283