Page 80 - Hollard Business Branch Policy Wording

Business All Risks
DEFINED EVENTS
1. Loss of or damage:
BUSINESS ALL RISKS
1.1 to the whole or part of the property described in the Schedule whilst anywhere in the world by any accident or misfortune not otherwise excluded;
1.2 the Insured shall be responsible for the rst amount payable stated in the Schedule in respect of each and every event except a claim resul ng from re, lightning or explosion.
2. Losses as a result of remote blocking:
2.1 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.
2.1.1 Cover shall only apply to property that is separately and individually speci ed in the schedule.
2.1.2 The Insured shall be responsible to pay the First Amount Payable as stated in the policy schedule.
2.2 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:
2.2.1 the police case number is supplied to the Insurer;
2.2.2 cover shall only apply to property that is separately and individually speci ed in the Schedule;
2.2.3 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.
2.2.4 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
The Company shall not be liable for:
1. loss of or damage to property resul ng from or caused by:
1.1 the from any una ended vehicle; UNLESS:
1.1.1 the property is concealed in a completely closed and securely locked vehicle; or
1.1.2 the vehicle itself is housed in a securely locked building;
1.1.3 and entry to or exit from such locked vehicle or building is accompanied by visible signs of forcible and violent entry or exit;
1.2 its undergoing a process of cleaning, repair, dyeing, bleaching, altera on or restora on;
1.3 inherent vice or defect, vermin, insects, damp, mildew or rust;
1.4 the dishonesty of any principal, partner, director or employee of the Insured whether ac ng alone or in collusion with others;
1.5 deten on, con sca on or requisi on by Customs or other o cials or authori es;
1.6 the or any a empt thereat or damage from any contract site or any other premises (including the Insured's premises) a er normal business hours;
UNLESS:
1.6.1 the property insured is contained in a securely locked building and the loss is accompanied by forcible, visible and violent entry into or exit from the building containing the property insured;
1.7 the or disappearance which is not iden able with a speci c incident;
Hollard Business Policy – Branch – Version 1 2018 Page | 79