Page 26 - Hollard Business Policy - Binder

1.4 recoverable in terms of manufacturer's warranty;
1.5 loss or damage as a result of failure or deliberate withholding of supply of water or electricity or fuel;
2. the Company’s liability shall not exceed R12 500 (twelve thousand five hundred rand) per event;
3. the Insured shall be responsible for the first 10% (ten percent) of the claim with a minimum of R1 000 (one thousand rand) for each and every claim.
Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided.
Specific condition
The geyser(s) must be installed in accordance with SANS specification 10254 where applicable and in accordance with the manufacturer's specifications or any other SANS specification applicable. If the Company can demonstrate the geyser was not installed in accordance to specification the Insured shall be liable for the first R1 500 (one thousand five hundred rand) of each claim in addition to the first amount payable as stated in provision 3 above;
8. accidental damage to sanitary-ware up to R50 000 (fifty thousand rand) for each and every incident of such damage and the Insured shall be responsible to pay the first R1 000 (one thousand rand);
9. damage caused by discharge or leakage from any sprinkler or drencher system or fire extinguishing installation/ appliances up to R50 000 (fifty thousand rand);
10. shade nets and canopies:
10.1 the Company will pay for loss or damage to shade nets and canopies in the open at the premises and included in the sum insured caused by hail, wind, snow or storm up to R50 000 (fifty thousand rand) for each and every event;
PROVIDED THAT:
1. 2.
the condition of average shall apply;
the Insured shall be deemed to be Co-Insurer on the basis stated in the table below:
Up to 1 year 10%
Up to 2 years 25%
Up to 3 years 40%
Up to 4 years 60%
Up to 5 years 80%
Older than 5 years 100%
Fire
Age of shade nets
% of Co-insurance
Age of shade nets
% of Co-insurance
10.2 Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided;
11. such additional perils as stated in the Schedule.
SPECIFIC EXCEPTIONS
This insurance does not cover:
1. damage to property occasioned by its undergoing any heating or drying process;
2. damage to property which at the time thereof is insured by or would, but for the existence of this insurance, be insured by any marine policy(ies), except in respect of any excess beyond the amount which would have been payable under the marine policy(ies) had this insurance not been effected;
3. damage to property in the underground workings of any mine;
4. damage to any solar power system or any component(s) thereof.
CLAUSES AND EXTENSIONS All other contents
The term 'all other contents' referred to in the definition of property in the Schedule includes, but is not restricted to, personal effects, tools and pedal cycles, the property of the Insured or directors or employees of the Insured insofar as such property is not otherwise insured.
Page | 24 Hollard Business Policy – Binder – Version 8 2024