Page 216 - Hollard Business Policy - Binder

SUB-SECTION A – PROPERTY DEFINED EVENTS
SOLAR POWER
Loss of or damage to the whole or part of the Solar Power System (as defined) described in the Schedule, owned by the Insured or for which they are legally responsible, including alterations by the Insured as tenants to the building and structures, by:
1. fire;
2. lightning and thunderbolt;
3. subterranean fire;
4. explosion;
5. earthquake (whether arising from mining operations or otherwise), volcanic eruption or other convulsion, but excluding loss of or damage to property in the underground workings of any mine;
6. special perils:
6.1 storm, wind, water, hail or snow but excluding damage to property:
6.1.1 arising from it undergoing any process necessarily involving the use or application of water;
6.1.2 caused by tidal wave originating from earthquake;
6.1.3 in the underground workings of any mine;
6.1.4 in the open (other than solar arrays designed to exist or operate in the open);
6.2 aircraft and other aerial devices or articles dropped therefrom;
6.3 impact by animals, trees, aerials, satellite dishes or vehicles excluding damage to such animals, trees, aerials, satellite dishes or vehicles or property in or on such vehicles;
PROVIDED THAT:
this Defined Event (special perils) does not cover damage caused or aggravated by:
1. subsidence or landslip;
2. the Insured’s failure to take all reasonable precautions for the maintenance and safety of the property insured and for the minimization of any damage;
3. mildew, damp, rising damp, rust, corrosion or rot;
7. theft;
PROVIDED THAT:
7.1 theft (or any attempt thereat) was accompanied by visible signs of physical damage to the insured premises as result of the forcible and violent entry into or exit from the insured premises;
7.2 the Company shall not be liable to pay more than the amount stated in the Schedule;
7.3 the Insured shall be responsible for the first 10% (ten percent) with a minimum of R1 500 (one thousand rand) in respect of each and every claim.
DEFINITIONS
Solar Power
Inverter
Solar array
Solar battery
a piece of equipment that converts the variable direct current (DC) electricity generated by the solar array to alternating current (AC) electricity used by the electrical grid
multiple solar panels used in conjunction to produce electricity
a device that can be added to the solar power system to store the excess electricity generated by solar panels
Page | 214
Hollard Business Policy – Binder – Version 8 2024