Page 35 - Hollard Business Policy - Binder

Fire
5. The liability of the Company shall not exceed the sum insured stated in the Schedule and premium shall not be receivable on values in excess thereof.
6. The above specific conditions shall apply separately to each item of the specification to which these stock declaration conditions apply.
Subsidence and landslip (extended cover)
1. This Section is extended to include loss of or damage to the insured property caused by subsidence or landslip of the land supporting the said insured property or heave thereof;
PROVIDED THAT:
such loss or damage is not caused by or does not arise from:
1. normal settlement, shrinkage or expansion of the land supporting the insured property;
2. alterations, additions or repairs to the insured property;
3. compaction or infill;
4. defective or faulty design, materials or workmanship;
5. excavations other than mining operations;
6. contraction and or expansion of soil, clay or similar types or moist or damp;
7. removal or weakening of support to the insured property.
2. The Company will not be liable for:
2.1 loss of or damage to septic or conservancy tanks, drains, water courses unless the building(s) is damaged at the same time by the same event;
2.2 consequential loss whatsoever;
2.3 damage existing at commencement of cover.
3. The Insured will be responsible for the first 5% (five percent) of the claim minimum R5 000 (five thousand rand) of each and every occurrence giving rise to a claim.
4. If required the Insured must give proof that the loss or damage being claimed for was caused by subsidence, landslip or heave.
Wild baboons and monkeys (buildings)
The Company will pay for loss or damage to the building(s) and outbuilding(s) stated in the Schedule caused by wild baboons or monkeys. Wild baboons and monkeys will not be regarded as vermin for the purpose of this cover;
PROVIDED THAT:
1. the Company shall not pay more than the amount stated in the Schedule;
2. the Insured shall be responsible to pay the first 10% (ten percent) of the claim with a minimum of R500 (five hundred rand) of each and every claim.
Wild baboons and monkeys (contents)
The Company will pay for loss or damage to the contents of the building(s) and outbuilding(s) stated in the Schedule caused by wild baboons or monkeys. Wild baboons and monkeys will not be regarded as vermin for the purpose of this cover;
PROVIDED THAT:
1. the Company shall not pay more than the amount stated in the Schedule;
2. the Insured shall be responsible to pay the first 10% (ten percent) of the claim with a minimum of R500 (five hundred rand) of each and every claim.
Hollard Business Policy – Binder – Version 8 2024 Page | 33