Page 23 - Hollard Business Branch Policy Wording

PROVIDED THAT:
the Company shall not be liable to pay for:
7.1 more than R10 000 (ten thousand Rand) or the amount stated in the Schedule any one event;
7.2 a rst amount payable of 10% (ten percent) of claim minimum R1 000 (one thousand Rand) is applicable to each and every claim;
7.3 loss or damage caused by or aggravated by wear and tear, rust, decay or gradual deteriora on;
7.4 loss or damage caused by cracking or spli ng of the unit;
7.5 loss or damage as a result of faulty material or workmanship, inherent device and latent defects or faulty or defec ve design;
7.6 loss or damage recoverable in terms of manufacturer's warranty;
7.7 loss or damage as a result of failure or deliberate withholding of supply of water or electricity or fuel.
Speci c condi on
The geyser(s) as de ned must be installed in accordance with SANS speci ca on 10254 where applicable and in accordance with the manufacturer's speci ca ons or any other SANS speci ca on applicable. If the Company alleges the geyser was not installed in accordance to speci ca on the Insured shall be liable for the rst R1 500 (one thousand ve hundred Rand) of each claim in addi on to the rst amount payable as stated in provision 7.2;
8. accidental damage to sanitary-ware up to R50 000 ( y thousand Rand) for each and every incident of such damage and the Insured shall be responsible to pay the rst R1 000 (one thousand Rand);
9. leakage:
damage caused by discharge or leakage from any sprinkler, drencher system or re ex nguishing installa on/ appliances up to R10 000 (ten thousand Rand) or the amount stated in the Schedule;
10. shade nets and canopies
10.1 the Company will pay for loss or damage to shade nets and canopies in the open at the premises and included in the sum insured caused by hail, wind, snow or storm up to R50 000 ( y thousand Rand) or the amount stated in the Schedule for each and every event;
PROVIDED THAT:
10.1.1 the condi on of average shall apply;
10.1.2 the Insured shall be deemed to be Co-Insurer on the basis stated in the table below:
11. such addi onal perils as stated in the Schedule.
SPECIFIC EXCEPTIONS
This insurance does not cover:
1. damage to property occasioned by its undergoing any hea ng or drying process;
2. damage to property which at the me thereof is insured by or would, but for the existence of this insurance, be insured by any marine policy(ies), except in respect of any excess beyond the amount which would have been payable under the marine policy(ies) had this insurance not been e ected;
3. damage to property in the underground workings of any mine.
Fire
Age of shade nets
% of Co-insurance
Age of shade nets
% of Co-insurance
Up to 1 year
10%
Up to 4 years
60%
Up to 2 years
25%
Up to 5 years
80%
Up to 3 years
40%
Older than 5 years
100%
Page | 22 Hollard Business Policy – Branch – Version 1 2018