Page 18 - Hollard Business Branch Policy Wording

General Excep ons, Condi ons and Provisions
During the period of the ini al unoccupancy of 30 (thirty) consecu ve days, the Insured shall become a co-insurer with the Company and shall bear a propor on of any damage equal to 20% (twenty percent) of the claim before deduc on of any rst amount payable.
11. Fire-ex nguishing charges
This Provision shall apply to the following Sec ons of this Policy:
Sec on
Limit of Indemnity
First Amount Payable
Fire
Reasonable cost not exceeding 20% of the sum insured
R1 000
Buildings Combined
Reasonable cost not exceeding 20% of the sum insured
R1 000
O ce Contents
Reasonable cost not exceeding 20% of the sum insured
R1 000
Goods in Transit
R10 000
R500
Motor
R10 000
R500
Motor Traders
R10 000
R500
Electronic Equipment
R10 000
R500
Any costs rela ng to the ex nguishing or gh ng of re, shall be deemed to be damage to the insured property and shall be payable in addi on to any other payment for which the Company may be liable in terms of the Sec on;
PROVIDED THAT:
the Insured is legally liable for such costs and the insured property was in danger from the re.
12. Subsidence and landslip (limited cover)
This Provision shall apply to the following Sec ons of this Policy:
A. Fire;
B. Buildings combined;
C. O ce Contents.
This Sec on is extended to include loss of or damage to the insured property caused by subsidence or landslip of the land suppor ng the said insured property or heave thereof;
PROVIDED THAT:
such loss or damage is not caused by or does not arise from:
1. normal se lement, shrinkage or expansion of the land suppor ng the insured property;
2. altera ons, addi ons or repairs to the building(s);
3. compac on or in ll;
4. defec ve or faulty design, materials or workmanship;
5. excava ons other than mining opera ons;
6. contrac on and/or expansion of soil, clay or similar types or moist or damp;
7. removal or weakening of support to the insured property.
The Company will not be liable for:
1. loss of or damage to swimming pools and surrounds, tennis courts, terraces, pa os, paths, driveways, sep c or conservancy tanks, drains, water courses, walls, gates, posts and fences, retaining and screening walls unless the insured building(s) are damaged at the same me by the same event;
2. loss of or damage to solid oor slabs or any part of the insured property resul ng from the movement of such slabs unless the founda on suppor ng the external walls of the insured building(s) are damaged by the same cause at the same me;
3. consequen al loss whatsoever;
4. damage exis ng at commencement of cover.
Hollard Business Policy – Branch – Version 1 2018 Page | 17