Page 133 - Policy Wording - Hollard Business Binder (2020-06-24)

Motor Traders
5.6 Optional limitations
Description
Deletion of demonstration risk
Discount allowed/rate
Restrictions/excluded cover
Extensions available
Third party, fire and theft only cover
35% discount
a) Sub-section A is restricted to loss or damage
resulting from fire, self-ignition, lightning, explosion or theft
b) Sub-section C is excluded
a) Contingent liability
b) Legal liability of passengers
c) Special type vehicles
d) Tools of trade
Internal risks only
60% discount
Cover is restricted to the premises of the Insured
a) Vehicle hire
b) Vehicles hoists/ramps
c) Special type vehicles
d) Tools of trade
External risks only
30% discount
Cover is restricted to away from the Insured’s premises
a) Contingent liability
b) Vehicle hire
c) Legal liability of passengers
d) Riot and strike
e) Social, domestic and pleasure use
f) Special type vehicles
g) Tools of trade
h) Unauthorised Use by Employee
Third party only cover (rate applies to limit of liability selected)
.09%
a) Sub-section A is excluded
b) Sub-section C is excluded
None
25% discount
Demonstration of vehicles is All excluded
First Amount(s) Payable
Description
FAP
Sub-section A (Basic)
Sub-section B (Basic)
Window Glass
10% of claim minimum R5 000 R2 500
Nil
25% of claim minimum R500 Nil
Generic/Alternative glass (replacement) Other glass (replacement)
Repair
6. DECLINED RISKS
6.1 Please refer to Annexure A
6.2 Avoid:
6.2.1 own vehicles;
6.2.2 kit cars;
6.2.3 code 3 (three) vehicles;
6.2.4 leasing or hiring firms;
6.2.5 vehicles on rails;
6.2.6 vehicle delivery companies.
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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