Page 26 - Personal Underwriting Mandates & Guidelines - Binder Addendums - Version 3

6 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
Pleasure-craft
○ Pleasure-craft with a replacement value exceeding R1 000 000 per craft ✓
○ Pleasure-craft with a replacement value exceeding RAL per craft ✓
Decline-type risks
○ Converted lifeboats
○ Outboard motors only
○ Pleasure-craft constructed of ferro-concrete
○ Pleasure-craft used as houseboats
○ Pleasure-craft with a length greater than 10.5m
○ Racing or speeding of any sort
Other referrals
Sasria – requests for once-off event cover Refer to Hollard Sasria