Page 16 - Hollard Business Branch Policy Wording

General Excep ons, Condi ons and Provisions
If the property insured is, at the commencement of any damage to such property by any peril insured against, collec vely of greater value than the sum insured thereon, then the Insured shall be considered as being their own insurer for the di erence and shall bear a rateable share of the loss accordingly. Every item, if more than one, shall be separately subject to this Condi on.
32. Medical expenses bene t
The medical expenses bene t included in any Sec on of this Policy does not provide the bene ts of a medical scheme and is not a subs tute for a medical scheme membership.
GENERAL PROVISIONS
1. Claims prepara on costs
The insurance by each Sec on of this Policy is extended to include costs reasonably incurred by the Insured in producing and cer fying any par culars or details required by the Company in terms of General Condi on 6 Claims or to substan ate the amount of any claim;
PROVIDED THAT:
The liability of the Company for such costs shall not exceed R250 000 (two hundred and y thousand Rand) or the amount stated in the Schedule, whichever is the greater, for each and every occurrence and in the annual aggregate applicable to all Sec ons cumula vely claimed under.
2. Payments on account
In respect of any Sec on where amounts recoverable from the Company are delayed pending naliza on of any claim, payments on account may be made to the Insured, if required, at the discre on of the Company.
3. First amount payable
Except where provided for speci cally in any Sec on, the amount payable under this Policy/Sec on for each and every loss, damage or liability shall be reduced by the rst amount payable shown in the Schedule for the applicable de ned event.
4. Members, directors, partners or employees
Wherever the word "director" is used it is deemed to include "member" if the Insured is a close corpora on.
5. Meaning of words
The Schedule, any endorsements thereto and the policy wording shall be read together and any word or expression to which a speci c meaning has been given in any part thereof shall bear such meaning wherever it may appear.
6. Holding covered
If the Company is holding covered on a risk they will not reject a claim on the basis that the premium has not been agreed.
7. Schedule sums insured blank
If, in a Schedule of this Policy the sums insured, limit of indemnity or compensa on is:
7.1 le blank or has no monetary amount s pulated against it;
7.2 re ected as nil or not applicable or not covered or no indemnity extended;
this means the de ned event or circumstance shown in the Schedule is not insured by the Policy.
Hollard Business Policy – Branch – Version 1 2018
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