Page 77 - Policy Wording - Commercial Underwriting Mandates & Guidelines Binder Addendum

Annexure E – Risk Acceptance Limits – Personal Lines
EFFECTIVE FOR THE 2017/2018 PERIOD
Standard Construction (including extensions, i.e. rent/alternate accommodation)
Classes
VAT inclusive
Accumulation limits for Buildings, Household contents, All Risks and Fine Arts combined
R22 800 000 per risk address
R14 250 000 per risk address
R5 700 000 per risk address
30% of contents sum insured limited to R2 850 000
R2 850 000
Buildings
Household contents
1 Fine Arts 2 Fine Arts
(included under Household contents)
(included under Fine Arts section)
Facultative reinsurance must be placed above these limits OR cover can be placed ground- up with Artinsure
All Risks specified and unspecified
R2 850 000 per risk address and maximum of R1 140 000 per single item
Thatch/Non-standard (including extensions, i.e. rent/alternate accommodation)
Buildings, Household contents and All Risks
Personal accident
Personal accident
(Accumulation of death, PTD, TTD and medical benefit)
Motor
Private motor Motorcycles Pleasure-craft
Liability – Plain Language product
Personal liability
Motor liability
– Third party property
○ Golf carts
○ Passenger liability (excluding motorcycles,
scooters, three-wheeled vehicles etc.)
Pleasure-craft liability
– Liability to third parties
– Waterskier’s liability
– Jet-ski liability
Security-related liabilities
– Wrongful arrest
– Activities of your security company
– Electric fence
Umbrella liability
R5 700 000 accumulation per risk address
R2 000 000 any 1 life per event
R7 500 000 accumulation per event
R2 850 000 per vehicle R750 000 per motorcycle R2 850 000 per craft
Up to R20 000 000
Up to R20 000 000 Up to R5 000 000 R250 000
R250 000
R1 000 000 R250 000 R250 000
R50 000 R50 000 R50 000
and/or R10 000 000 accumulation per risk address
3 Can be increased to R1 000 000
Up to R20 000 000 per event/in the annual aggregate to be placed with iTOO
Notes – 1 Applies to Plain Language and Hollard Private Portfolio or equivalent mid-market product. 2 Applies to Hollard Prestige Portfolio or equivalent high net worth product.
3 Refer to Personal Lines Underwriting Mandates and Guidelines for further detail.
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Commercial Underwriting Mandates & Guidelines – Binder Addendums – Version 2 2020