Page 78 - Commercial Underwriting Mandates & Guidelines Binder Addendum

EFFECTIVE FOR THE 2022/2023 PERIOD
Standard Construction (including extensions, i.e. rent/alternate accommodation)
Annexure E: Risk Acceptance Limits – Personal Lines
Classes
VAT exclusive
Accumulation limits for Buildings, Household contents and All Risks combined
Buildings
Household contents
1 Fine Arts (included under Fine Arts section)
All Risks specified and unspecified
R30 000 000 per risk address
R20 000 000 per risk address
R10 000 000 per risk address
Cover must be placed ground-up with iTOO Artinsure
R2 500 000 per risk address and maximum of R1 000 000 per single item
Thatch/Non-standard (including extensions, i.e. rent/alternate accommodation)
Accumulation limits for Buildings, Household contents and All Risks combined
Personal accident
Personal accident
(Accumulation of death, PTD, TTD and medical benefit)
Motor
Individual vehicles
Motor vehicles (including Vintage vehicles) Motorcycles/non-road vehicles/caravans/trailers Pleasure-craft
2 Liability
Umbrella liability
R8 000 000 per risk address
R2 000 000 any 1 life per event
R7 500 000 accumulation per event
Notes – 1 Applies to Hollard Prestige Portfolio or equivalent high net worth product.
2 Liability cover for the Hollard Private and Prestige Portfolio’s or equivalent products cannot exceed the limits noted in
the excess and limit pages.
Any mid-term adjustments or cancellation of risks over the risk acceptance limits must be referred within 30 days of the effective date. These risks must be referred at each renewal to ensure that reinsurance terms are agreed and renewed, where applicable.
Individual limit
R2 500 000 per vehicle R750 000 per vehicle R2 500 000 per craft
Accumulation limit
and/or R20 000 000 per risk address
Up to R20 000 000 per event/in the annual aggregate to be placed with iTOO
1
Commercial Underwriting Mandates & Guidelines Addendum – Binder – Version 4 2022