Page 46 - Agriculture Policy Wording Binder

plant, water-pumping machinery, electronic gate motors, garage door machinery or burglar alarm systems), electrical heating systems, septic sewerage tanks, walls (except dam walls), gates, posts, fences (other than hedges) and tarred or paved roads, driveways, paths or parking areas.
SPECIFIC EXCEPTION
This insurance does not cover:
damage to property caused by, or aggravated by wear and tear, depreciation, gradual deterioration, moths, vermin, insects and termites.
SUB-SECTION B – PUBLIC SUPPLY CONNECTIONS DEFINED EVENTS
Accidental damage to water, sewerage, gas, electricity and telecommunication connections the property of the Insured or for which they are legally responsible, between the property insured and the public supply or mains.
SUB-SECTION C – RENT DEFINED EVENTS
1. Where the business of the Insured is that of a hotel, boarding house, bed-and-breakfast facility or similar occupation:
Loss of rent as a result of the property insured being so damaged by any of the perils specified as to be rendered untenantable (including partially untenantable) but only for the period necessary for reinstatement and for an amount not exceeding 30% (thirty percent) of the sum insured applicable to buildings, plant and machinery. The basis of calculation shall be the rent payable by the Insured as lessee of the buildings, plant and machinery immediately preceding the damage or if the Insured is not the lessee of the buildings, plant and machinery, the rental equivalent in rental value that they should have received as lessor for leasing all of the buildings, plant and machinery to a single legal entity.
2. Where the business of the Insured is other than as stated in 1. above:
Loss of rent as a result of the property insured being so damaged by any of the perils specified as to be rendered untenantable (including partially untenantable) but only for the period necessary for reinstatement and for an amount not exceeding 30% (thirty percent) of the sum insured on the affected property. The basis of calculation shall be the rent payable immediately preceding the damage or its equivalent in rental value.
SUB-SECTION D – LIABILITY DEFINED EVENTS
Damages for which the Insured shall become legally liable to pay consequent upon accidental death of or bodily injury to or illness of any person (hereinafter termed injury) or accidental loss of or physical damage to tangible property (hereinafter termed damage) occurring during the period of insurance in, on or about the property insured and arising from the Insured's ownership thereof.
LIMIT OF INDEMNITY
The amount payable inclusive of any legal costs recoverable from the Insured by a claimant or any number of claimants and other costs and expenses incurred with the Company's consent for any one event or series of events with one original cause or source shall not exceed R5 000 000 (five million rand).
Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided.
Buildings Combined
Page | 44 Policy Wording – Agriculture – Binder – Version 2 2023