Page 39 - Hollard Business Branch Policy Wording

Buildings Combined
4. these condi ons shall be without force or e ect if:
4.1 the Insured fails to in mate to the Company within 6 (six) months of the date of damage, or such further me as the Company may in wri ng allow, their inten on to replace or reinstate the property;
4.2 the Insured is unable or unwilling to replace or reinstate the property on the same or another site.
Temporary repairs and measures a er loss
The insurance under this Sec on is extended to include all costs and expenses incurred by the Insured in e ec ng such temporary repairs and by taking such temporary measures as may be reasonably necessary a er loss of or damage to the insured property by any peril hereby insured against;
PROVIDED THAT:
the liability of the Company for such loss or damage and costs and expenses shall not exceed in the aggregate R50 000 ( y thousand Rand).
Temporary removal
Except in so far as it is otherwise insured, landlord's xtures and ngs covered whilst temporarily removed elsewhere on the premises stated in the Schedule or to any other premises including transit by road, rail or inland waterway anywhere within the Republic of South Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Zambia, Mozambique and Malawi;
PROVIDED THAT:
1. unless such temporary removal is for the purpose of cleaning, renova on, repair or similar process, the liability of the Company shall not exceed 20% (twenty percent) of the sum insured applicable to any item;
2. the amount payable under this clause shall not exceed the amount that would have been payable had the loss occurred on the part of the premises from which the property is temporarily removed.
Water leaks/loss of water
The Company will indemnify the Insured for cost of water lost through leakage from pipes in any building, unit or on common property and for which the Insured is responsible to pay;
PROVIDED THAT:
1. the Company will only indemnify the Insured for the cost of addi onal water consump on in the event of a quarterly meter reading of water consump on exceeding the average of the previous four quarterly meter readings by 50% ( y percent) or more;
2. the limit of indemnity in respect of cost of lost water shall not exceed R15 000 ( een thousand Rand) for any one event or R50 000 ( y thousand Rand) during any one insurance period;
3. it is a condi on precedent to liability that the Insured shall, on discovery of a leak (by physical evidence or on receipt of abnormally high water reading indicated on the account), take immediate steps to iden fy and repair the a ected leaking apparatus/pipes;
4. in addi on the Company will pay for the cost of iden fying water leaks on the premises up to R5 000 ( ve thousand Rand) per event or R10 000 (ten thousand Rand) during any one insurance period;
5. in addi on the Company will pay the cost of lling up swimming pools or ponds following maintenance or repairs up to R5 000 ( ve thousand Rand) per any one event or R10 000 (ten thousand Rand) during any one insurance period;
6. the Company will not be liable to pay for:
6.1 cost towards remedial ac on including repairs to a ected apparatus/pipes;
6.2 losses as a result of:
6.2.1 leaking taps, geysers, toilet systems, swimming pools or any other water tank;
6.2.2 any deliberate acts of the Insured;
6.2.3 taps or else le open a er being used;
6.2.4 any unit le unoccupied for more than 30 (thirty) days consecu vely.
Each claim will be reduced by 10% (ten percent) of claim minimum R500 ( ve hundred Rand).
Page | 38 Hollard Business Policy – Branch – Version 1 2018