Page 180 - Hollard Business Policy - Binder

It is a condition precedent to this cover that all names of authorised drivers shall be declared to the Company and listed in the Schedule and for which a premium has been paid.
Special type vehicles
The definition of Vehicle shall include:
1. any tractor, agricultural, horticultural or forestry vehicle, earth-moving equipment, forklift truck, caravan or trailer and its accessories and spare parts whilst therein or thereon which is owned or borrowed or hired or leased by the Insured or which is held in trust by or in the custody or control of the Insured but excluding any vehicle which is the property of the Insured which is hired out or has been sold under a hire purchase or suspensive sale or other deferred ownership agreement or leased out unless such vehicle is in the custody or control of the Insured at the time of the occurrence of the event which gives rise to a claim; and
2. any tractor, agricultural, horticultural or forestry vehicle, earth-moving equipment, forklift truck or caravan (mechanically propelled or otherwise) which is attached to a vehicle defined in 1. above for the purpose of being towed or salvaged.
Tools of trade
Exceptions to Sub-Section B shall not apply to the operation as a tool of any vehicle or plant forming part of such vehicle or attached thereto;
PROVIDED THAT:
the Company shall not be liable hereunder in respect of as much of any liability as falls within the scope of any form of Motor Insurance or Compulsory Third Party Insurance legislation, notwithstanding that no such insurance is in force or has been effected, nor shall the Company be liable where any other form of motor insurance has been effected by the Insured covering the same liability.
Unauthorised use by employees
Specific Exception 1.1 to Sub-section B is deleted.
Vehicle hire
If a comprehensively insured vehicle is stolen, hijacked or damaged and for which the Company accepted liability to compensate for, the Company will at their discretion pay to the Insured the equivalent rental cost of a replacement vehicle or arrange for a replacement vehicle;
PROVIDED THAT:
1. Cost and capacity of vehicle rented:
1.1 the daily rental cost shall not exceed the amount stated in the Schedule;
1.2 the engine capacity of the hired vehicle shall not exceed 2 000 cc (two thousand cubic centimeters);
1.3 the carrying capacity of the hired vehicle shall not exceed 3 500kg (three thousand five hundred kilograms);
1.4 all delivery and/or collection costs;
1.5 administration costs chargeable by the vehicle hire company;
subject to a maximum of R1 500 (one thousand five hundred rand) for each and every event in terms of 1.4 and 1.5 above.
2. Excluded costs (costs the Company shall not be liable to pay):
2.1 any deposits payable;
2.2 fuel used during the rental period;
2.3 parking fees, speeding fines or fines, toll or e-toll costs;
2.4 excesses payable to the rental company.
Motor Traders Risk
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Hollard Business Policy – Binder – Version 8 2024