Page 23 - Personal Underwriting Mandates & Guidelines - Binder Addendums - Version 3

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Personal Underwriting Mandates & Guidelines – Binder Addendums – Version 3
Addendum B: Binder Risk Acceptance & Underwriting Limits (including decline-type risks)
Binder Underwriting Acceptance Limits
Binder
underwriting
manager
Hollard
regional
underwriting
manager
Buildings and/or Household contents
Subsidence, landslip or ground heave cover:
Limited cover (all areas)
○ Potential issues identified on the proposal form or the subsidence and landslip
questionnaire ✓
○ Properties situated in outlying areas of Seemeeu Park, Mossel Bay ✓
Extended cover
○ All risks must be referred to Hollard as per the Subsidence, landslip or ground heave
table ✓
Non-standard construction risks, where there is no lightning or surge protection ✓
Theft:
○ Risks that do not comply with the minimum security measures ✓
○ Risks used as a bed and breakfast facility or rented out during holidays (paying
guests), unless the cover is provided as part of a specific wording/endorsement ✓
○ Risks where renovations are in progress, as explained in the underwriting guideline
under ‘Homes undergoing renovations’ ✓
Flood or Fire. (All referrals to be accompanied by a GRiP IRiS report or the geographical
coordinates of the risk. For risks near a body of water, confirm how many meters away it
is from the water)
○ Properties within 100 metres of the coastline or bodies of water such as dams
○ Properties located at Thesen and Leisure Island
○ Properties located in St Francis (including Sea Vista, Cape St Francis, St Francis Bay)
○ Properties located in Boschenvaal Riverfront Lodges
○ Properties located in Mount Edgecombe Country Club Estates
○ Properties located in Mabalingwe Nature Reserve
○ Properties located on the Breede River (including Malgas)
✓
✓
✓
✓
✓
✓
✓
Holiday homes where the main residence is not on risk ✓
Home-based business
○ Where the nature of business conducted requires further investigation such as stock
kept on the premises ✓
○ Increased risk such as access by clientele, presence of cash kept for business
purposes, or hazardous activities/materials ✓
Decline-type risks
○ Any properties in the housing developments of Seemeeu Vlug and Tuscan Village in the Seemeeu Park suburb in
the district of Mossel Bay
○ Buildings with asbestos walls
○ Caravans and motor homes used for permanent residential purposes
○ Homes occupied as a commune
○ Home-based businesses that require commercial cover