Page 38 - Agriculture Policy Wording Binder

Temporary repairs and measures after loss
The insurance under this Section is extended to include all costs and expenses incurred by the Insured in effecting such temporary repairs and by taking such temporary measures as may be reasonably necessary after loss of or damage to the insured property by any peril hereby insured against;
PROVIDED THAT:
the liability of the Company for such loss or damage and costs and expenses shall not exceed in the aggregate R50 000 (fifty thousand rand).
Tenants
The Company's liability to the Insured shall not be affected by any act or omission on the part of any owner of a building or any tenant (other than the Insured) without the Insured's knowledge. The Insured shall, however, inform the Company as soon as such act or omission which is a contravention of any of the Terms, Exceptions and Conditions of this Section comes to their knowledge and will be responsible for any additional premium payable from the date any increased hazard shall be assumed by the Company.
Valuation of stock (in absence of stock declaration conditions)
If stock and materials in trade insured under this Section are not subject to the stock declaration conditions, any claim hereunder shall be settled on the basis of the market value immediately before the damage. In the event of the market value of the stock and materials in trade immediately before the damage being greater than the sum insured thereon, the specific condition of average for this Section will apply.
Vehicle Load
In the event of any of the Insured's vehicles being left loaded overnight whilst in or on the premises described in the Schedule hereto the Company shall indemnify the Insured in respect of such load in the event of loss or damage by any of the perils insured against by this Section.
Water leaks/loss of water
The Company will indemnify the Insured for cost of water lost through leakage from pipes in any building, unit or on common property and for which the Insured is responsible to pay;
PROVIDED THAT:
1. the Company will only indemnify the Insured for the cost of additional water consumption in the event of a quarterly meter reading of water consumption exceeding the average of the previous four quarterly meter readings by 50% (fifty percent) or more;
2. the limit of indemnity in respect of cost of lost water shall not exceed R15 000 (fifteen thousand rand) per event or R50 000 (fifty thousand rand) during any one insurance period;
3. it is a condition precedent to liability that the Insured shall, on discovery of a leak (by physical evidence or on receipt of abnormally high water reading indicated on the account), take immediate steps to identify and repair the affected leaking apparatus/pipes;
4. in addition the Company will pay for the cost of identifying water leaks on the premises up to R5 000 (five thousand rand) per event or R10 000 (ten thousand rand) during any one insurance period;
5. in addition the Company will pay the cost of filling up swimming pools or ponds following maintenance or repairs up to R5 000 (five thousand rand) per event or R10 000 (ten thousand rand) during any one insurance period;
6. the Company will not be liable to pay for:
6.1 cost towards remedial action including repairs to affected apparatus/pipes;
6.2 losses as a result of:
6.2.1 leaking taps, geysers, toilet systems, swimming pools or any other water tank; 6.2.2 any deliberate acts of the Insured;
6.2.3 taps or else taps left open after being used;
6.2.4 any unit left unoccupied for more than 30 (thirty) days consecutively;
7. the Insured shall be responsible for the first by 10% (ten percent) of the claim with a minimum of R500 (five hundred rand) for each and every claim.
Fire
Page | 36 Policy Wording – Agriculture – Binder – Version 2 2023