Page 29 - Hollard Business Policy - Binder

Fire
Express delivery and overtime
The Company will indemnify the Insured in respect of any 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.
Generator hire
Should any electricity reticulation installed on the insured property, as described in the Schedule, be damaged by an insured peril, the Company will pay up to R15 000 (fifteen thousand rand), for any one loss or series of losses arising out of one event, or up to R30 000 (thirty thousand rand), in the annual aggregate, to hire a generator(s) (including power connecting cables and reticulation) in order to continue to provide electrical power to the insured property as existed prior to such damage.
Landscaping
The Company will pay up to R25 000 (twenty five thousand rand) towards costs reasonably and necessarily incurred by the Insured for the replacement of trees, shrubs, lawns, plants and fixed sprinkler installations situated at the grounds of the insured buildings stated in the Schedule;
PROVIDED THAT:
such loss or damage is caused by:
1. fire, explosion or as a result of firefighting operations;
2. any other emergency service operations;
3. impact by vehicles or aircraft or other aerial devices, any deliberate or malicious acts;
4. but excluding theft or attempted theft.
Mortgagee
The interest of any mortgagee in the insurance under this Section shall not be prejudiced by any act or omission on the part of the mortgagor without the mortgagee's knowledge. The mortgagee shall, however, inform the Company as soon as any such act or omission comes to his knowledge and shall be responsible for any additional premium payable from the date any increased hazard shall, in terms of this clause, be assumed by the Company.
Motors and pumping equipment
The Company will pay, replace or repair for loss of or damage to fixed filtration plant, water-pumping machinery, electronic gate motors or garage door machinery by an insured peril;
PROVIDED THAT:
1. the Company shall not be liable to pay more than R10 000 (ten thousand rand) per event or R50 000 (fifty thousand rand) during any one insurance period;
2. the Insured shall be responsible for the first 10% (ten percent) of the claim with a minimum of R500 (five hundred rand) for each claim;
3. the Company shall not be liable to compensate for:
3.1 automatic pool cleaners;
3.2 loss or damage as a result of wear and tear;
3.3 wear and tear;
3.4 gradual deterioration;
3.5 inherent vice and latent defects;
3.6 any loss or damage recoverable under warranty.
Municipal plans scrutiny fee
The insurance under column 1 of the Schedule includes municipal plans scrutiny fee;
PROVIDED THAT:
the total amount recoverable under any item shall not exceed the sum insured on the building affected.
Hollard Business Policy – Binder – Version 8 2024
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