Page 311 - Agriculture Policy Wording Binder

Motorboats, yachts and small crafts
PROVIDED THAT:
1. the Insured shall provide proof of the quantity of fuel contained in the vessels fuel tank at the time of loss;
2. the Company’s liability shall not exceed R1 000 (one thousand rand) any one occurrence; and
3. the Insured shall be responsible for the first R250 (two hundred and fifty rand).
The Insured shall pay in addition all other first amounts payable in terms of the original claim.
Loss of locks, keys, central locking devices and remotes
The Company will indemnify the Insured in respect of the cost of replacing locks, keys, central locking devices and remotes including the remote alarm controller and, if necessary, the reprogramming of any coded alarm system of any insured vessel, following upon the disappearance of any key or alarm controller of such vessel or following upon the Insured having reason to believe that any unauthorised person may be in possession of a duplicate of such key or alarm controller;
PROVIDED THAT:
1. the Company’s liability shall not exceed R15 000 (fifteen thousand rand) in respect of any one event.
Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided.
2. the Insured shall be responsible for the first 10% (ten percent) of the claim with a minimum of R1 250 (one thousand two hundred and fifty rand) each and every claim.
Navigation by other persons – only in respect of pleasure craft
The provisions of Liability of this Section shall extend to any person other than:
1. a person operating or employed by the operator of a shipyard, repair yard or slipway;
2. a person operating or employed by a yacht or motor boat club, sales agency or similar organisation;
whilst he/she is navigating or in charge of the vessel described in the Schedule, on the order or with the permission of the Insured;
PROVIDED THAT:
1. such person is not entitled to indemnity under any other Policy;
2. such person shall, as though he/she were the Insured, observe, fulfil and be subject to the terms, exceptions and conditions of this Section in so far as they can apply;
3. such person has not been refused yacht or motor boat insurance or continuance thereof by any other insurance company or underwriter.
Suspensive sale
If, to the knowledge of the Company, the vessel is subject to a suspensive sale or similar agreement, such payment shall be made to the owner described therein whose receipt shall be in full and final discharge to the Company in respect of such loss or damage.
Trauma treatment
In the event of medical expenses not otherwise covered the Company will pay an amount up to R5 000 (five thousand rand) per occurrence for trauma treatment by a psychologist if the Insured and/or spouse need treatment due to hijacking or attempt thereat of a insured vessel.
Waiver of subrogation rights
For the purposes of this Section, the Company waives all rights of subrogation or action which they may have or acquire against any other person to whom the indemnity hereunder applies, and each such person shall observe, fulfill and be subject to the Terms, Exceptions and Conditions (both general and specific) of this insurance in so far as they can apply.
Policy Wording – Agriculture – Binder – Version 2 2023 Page | 309