Page 167 - Hollard Business Branch Policy Wording

Motor Fleet
PROVISIONS
1. Suspensive sale
If, to the knowledge of the Company, the vehicle is subject to a suspensive sale or similar agreement, such payment shall be made to the owner described therein whose receipt shall be in full and nal discharge to the Company in respect of such loss or damage.
2. First amount payable
In respect of each and every occurrence giving rise to a claim under Sub-Sec on A, the Insured shall be responsible for the rst amounts payable stated in the Schedule (according to the type of vehicle) of any expenditure (or any less expenditure which may be incurred) for which provision is made under Sub-Sec on A (including any payment in respect of costs, expenses and fees), and of any expenditure by the Company in the exercise of any discre on it may have under this insurance. If the expenditure incurred by the Company shall include any rst amount payable for which the Insured is responsible, such amount shall be paid by the Insured to the Company.
3. Fire, lightning and explosion
The rst amount payable shall not be applicable to loss or damage as a result of re, lightning or explosion.
4. Sound equipment
In respect of each and every occurrence giving rise to a claim following upon the or a empted the of motor radios, casse e players and any other equipment of a similar nature or telephones:
4.1 if supplied by the manufacturer when new
the replacement value of the item subject to the standard Compulsory First Amount Payable stated in the Schedule;
4.2 not supplied by the manufacturer when new (a er-market installa on)
not speci ed as a separate item in the Schedule, limited to R3 500 (three thousand ve hundred Rand) subject to a rst amount payable of R500 ( ve hundred Rand) each and every claim;
4.3 speci ed in the Schedule
the amount stated in the Schedule and reduced by the rst amount payable stated in the Schedule.
SPECIFIC EXCEPTIONS (applicable to Sub-Sec on A)
The Company shall not be liable to pay for any:
1. consequen al loss as a result of any other cause whatsoever;
2. money paid towards the upgrade of or extension of a maintenance plan or similar expense;
3. deprecia on in value whether arising from repairs following a De ned Event or otherwise;
4. wear and tear;
5. mechanical, electronic or electrical breakdown, failure or breakage;
6. damage to tyres:
6.1 by applica on of brakes; or
6.2 by road punctures, cuts or bursts; or
6.3 as a result of inequali es of the road or other surface or to impact with such inequali es;
UNLESS:
damage to tyres is accompanied by damage to other parts of the vehicle;
7. damage to springs/shock absorbers due to inequali es of the road or other surface or to impact with such inequali es;
Page | 166 Hollard Business Policy – Branch – Version 1 2018