Page 181 - Hollard Business Policy - Binder

Motor Traders Risk
3. The rental period:
3.1 starts on the day the Company admits liability in terms of the original claim and agrees to the rental;
3.2 the rental period shall cease at the time when:
3.2.1 the vehicle is recovered upon theft (and repaired if necessary) and returned to the owner;
3.2.2 the vehicle is repaired after being damaged and returned to the owner,
3.2.3 the Company has discharged liability in respect of the loss suffered;
3.2.4 after 30 (thirty) consecutive days;
whichever occurs first.
4. this Extension is only applicable to private type motor cars and light commercial vehicles up to a GVM of 3 500 kg (three thousand five hundred kilograms).
Vehicle hoists and ramps
Specific Exception 13 to Sub-Section A is deleted.
OPTIONAL LIMITATIONS (if stated in the Schedule to be applicable) Third party only limitation
The following are cancelled:
1. Sub–Section A;
2. Sub–Section C.
Third party, fire and theft only limitation
The liability of the Company under Sub-Section A is restricted solely to loss or damage resulting from fire, self-ignition, lightning or explosion or theft. Furthermore, Sub-Section C is cancelled.
External risks only
The Defined Events is amended to read as follows:
Loss of or damage to any vehicle as defined in Definitions arising in the course of the Insured's business including its accessories and spare parts whilst therein or thereon and occurring whilst the vehicle is:
1. on the road; or
2. temporarily garaged during the course of a journey elsewhere other than in or on any business premises owned and/or occupied by the Insured anywhere in the Republic of South Africa, Namibia, Botswana, Lesotho, the Kingdom of Eswatini (formerly Swaziland), Zambia, Zimbabwe, Mozambique and Malawi;
PROVIDED THAT:
the Company shall not pay for car radios, tape players, compact disc players or any sound equipment unless supplied by the manufacturer when new.
Internal risks only
The Defined Events is amended to read as follows:
Loss of or damage to any vehicle as defined in Definitions arising in the course of the Insured's business including its accessories and spare parts whilst therein or thereon and occurring whilst the vehicle is:
1. temporarily garaged during the course of a journey elsewhere other than in or on any business premises owned and/or occupied by the Insured anywhere in the Republic of South Africa, Namibia, Botswana, Lesotho, the Kingdom of Eswatini (formerly Swaziland), Zambia, Zimbabwe, Mozambique and Malawi;
2. within or about the premises of the Insured as specified in the Schedule;
Hollard Business Policy – Binder – Version 8 2024 Page | 179