Page 192 - Hollard Business Branch Policy Wording

Electronic Equipment
ELECTRONIC EQUIPMENT
1. SUB-SECTION A – MATERIAL DAMAGE
DEFINED EVENTS
1. Physical loss or damage:
to the property insured, described in the Schedule, from any cause not hereina er excluded whilst:
1.1 at work or at rest anywhere within the insured premises as speci ed;
1.2 in transit including loading and unloading or whilst temporarily stored at any premises en route;
1.3 temporarily removed from the insured premises to any other loca on.
2. Losses as a result of lightning and power surge:
to property described in the Schedule:
2.1 shall be protected by surge arrestors;
2.2 installed on the insured premises on all data lines, power supplies, electronic distribu on boards or individual equipment;
2.3 installa on shall comply with all SABS and similar requirements;
2.4 the Insured shall be responsible to pay an addi onal 10% (ten percent) of claim with a minimum of R500 ( ve hundred Rand) if not complied with 2.1, 2.2 and 2.3 above.
3. Losses as a result of remote blocking:
3.1 If the Insured can demonstrate through video surveillance footage (or any other conclusive proof) that an a empt was made to lock the vehicle using the vehicle remote but that the locking mechanism was blocked by thieves using an electronic device, such evidence will be deemed to sa sfy the forcible and violent entry or exit requirement for any loss out of the cab or boot of the vehicle.
3.1.1 Cover shall only apply to property that is separately and individually speci ed in the schedule.
3.1.2 The Insured shall be responsible to pay the First Amount Payable as stated in the policy schedule.
3.2 Where the Insured maintains that the vehicle was locked but no evidence of forcible and violent entry or exit from the vehicle exists;
PROVIDED THAT:
3.2.1 the police case number is supplied to the Insurer;
3.2.2 cover shall only apply to property that is separately and individually speci ed in the Schedule;
3.2.3 a er deduc on of the rst amounts payable in the Schedule, the liability of the Company is further restricted to the lesser of the sum insured shown on the Schedule or R25 000 (twenty ve thousand Rand) in respect of any one event.
3.2.4 The Insured shall be responsible for an addi onal First Amount Payable of 10% (ten percent) of the claim minimum R1 000 (one thousand Rand).
SPECIFIC EXCEPTIONS (applicable to Sub-Sec on A)
The Company will not be liable to indemnify the Insured, irrespec ve of the original cause, in respect of:
1. the rst amount payable:
as stated in the Schedule in respect of Sub-Sec on A, of each and every event giving rise to a claim. Where more than one item of property insured su ers physical loss or damage in any one event, the rst amount payable shall be the highest single amount applicable to such property insured;
Hollard Business Policy – Branch – Version 1 2018 Page | 191