Page 218 - Hollard Business Policy - Binder

PROVIDED THAT:
the amount payable in respect of such fees does not exceed 20% (twenty percent) of the total amount of the claim but shall not include expenses incurred in connection with the preparation of the Insured’s claim.
2. Clearance costs
Costs necessarily and reasonably incurred by the Insured in respect of demolition or dismantling of property and/ or removal of debris and in providing, erecting and maintaining hoardings and other similar structures required during demolition, dismantling, debris removal and reconstruction following indemnifiable loss of or damage to such;
PROVIDED THAT:
the total amount recoverable does not exceed 20% (twenty percent) of the total amount of the claim.
3. Express delivery and overtime
Extra charges for express delivery, airfreight, overtime, Sunday and holiday rates of wages payable in respect of the necessary and reasonable additional costs incurred by the Insured for effecting repairs or replacement approved by the Company, limited to 50% (fifty percent) of the amount which the repair or replacement would have cost had these additional costs not been incurred.
SPECIFIC CONDITIONS Burglar Alarm Warranty
It is a condition precedent to the liability of the Company that a burglar alarm mechanism will be installed or linked to the inverter, solar battery as well as the solar panels (that are in the open) stated in the Schedule and warranted that:
1. the burglar alarm mechanism linked to the inverter, solar battery and solar panels (that are in the open) shall be fully activated whenever the premises is not open for normal business unless any principal, partner, director or employee is in the premises;
2. the insurance shall not cover loss of or damage to the inverter, solar battery and solar panels (that are in the open) following the use of keys, the keypad code or remote control of the burglar alarm or any duplicate thereof belonging to the Insured unless such keys, keypad code or remote control were obtained by theft.
Unless specifically stated to the contrary, the inverter, solar battery and solar panels (that are in the open) shall be protected by such alarm mechanism and it is further warranted that:
1. the contract for any burglar alarm services shall include services of a 24-hour armed response unit;
2. the control panel shall have an event log and the arming and disarming of the alarm shall be logged and after the occurrence of a claim the Company will be entitled to request full information of the relevant log;
3. such alarm will be maintained in proper working order but the Insured shall be deemed to have discharged their liability if they have maintained their obligations under a maintenance contract with the installation/service company of the alarm system.
Solar power system warranty
It is a condition precedent to the Company’s liability, and it is warranted that the solar power system installed on the insured premises must comply with the following requirements:
1. the solar power system must be installed by an accredited electrical contractor as recognised by the Department of Labour;
2. installation must be accompanied by and comply with:
2.1. 2.2. 2.3. 2.4. 2.5.
3. the Page | 216
a valid Electrical Certificate of Compliance (CoC);
the latest edition of SANS 10142-1 (Wiring);
NRS 097-2-1 (utility interface/inverter);
any other regulatory requirements (where applicable); relevant municipal by-laws;
solar power system must be regularly maintained and kept in good working order;
Hollard Business Policy – Binder – Version 8 2024
Solar Power