Page 20 - Hollard Business Branch Policy Wording

General Excep ons, Condi ons and Provisions
Sec on
Reference
Amendment
Fire
Buildings Combined O ce Contents
Capital Addi ons Clause Capital Addi ons Clause Capital Addi ons Clause
If the period of insurance is more o en than quarterly then the words "each quarter" are amended to read "each month"
Fidelity Guarantee
De ned Event
In addi on to the de ned events the following is added:
The amount payable during any one period of 12 (twelve) consecu ve months from incep on or anniversary date will not exceed the sum insured stated in the Schedule at the said incep on or anniversary date as the case may be (or double the sum insured if Your "Reduc on/ Reinstatement amount clause" applies).
If the sum insured is increased the 12 (twelve) consecu ve months applies from the anniversary date.
Any reinstatement between the date of increase and the anniversary date will not exceed twice the sum insured.
Fidelity Guarantee
Reduc on/Reinstatement of insured Amount Clause
The words "annual premium" are amended to read "12 (twelve) mes the monthly premium" for policies with monthly periods of insurance and "4 (four) mes the quarterly premium" or "2 (twice) the bi-annual premium" for policies with quarterly or half-yearly periods of insurance respec vely.
16. Locks and keys
This Provision shall apply to the following Sec ons of this Policy:
A. O ce Contents;
B. The ;
C. Money.
In addi on to any payment in respect of a de ned event, the Company will indemnify the Insured in respect of the cost of replacing locks and keys following upon the disappearance of any key or following upon the Insured having reason to believe that any unauthorised person may be in possession of such key or a duplicate of such key of:
16.1 any receptacle; or
16.2 the o ce premises;
16.3 a er the has taken place and the Company accepted liability for such claim;
PROVIDED THAT:
1. the premises is stated in the Schedule;
2. the liability of the Company shall not exceed R5 000 ( ve thousand Rand) in terms of 16.1, 16.2 or 16.3 or R10 000 (ten thousand Rand) in the aggregate any one event;
3. the Insured shall be responsible for the rst R500 ( ve hundred Rand) each and every claim.
17. Property under construc on or altera on
Property insured by this Policy in the course of erec on and/or comple on and/or altera on, un l nal comple on of the contract, shall not exceed R2 500 000 (two million ve hundred thousand Rand);
Hollard Business Policy – Branch – Version 1 2018 Page | 19