Page 37 - Hollard Business Policy - Binder

Buildings Combined
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 and fixed glass 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. theft (or any attempt thereat) accompanied by visible signs of physical damage from such building as a result of the forcible and violent entry or exit. If any building insured or containing the insured property becomes unoccupied for 30 (thirty) consecutive days, this item is suspended as regards the property affected unless the Insured before the occurrence of damage obtains the written agreement of the Company to continue this Extension. During the period of the initial unoccupancy of 30 (thirty) consecutive days the Insured shall become a co-insurer with the Company and shall bear a rateable proportion of any damage equal to 20% (twenty percent) of the claim before deduction of any first amount payable;
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.
Up to 1 year
Up to 2 years
Up to 3 years
the Condition of average shall apply;
the Insured shall be deemed to be Co-Insurer on the basis stated in the table below:
Age of shade nets
% of Co-insurance
Age of shade nets
% of Co-insurance
10%
25%
40%
Up to 4 years 60%
Up to 5 years 80%
Older than 5 years 100%
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 are stated in the Schedule to be included.
DEFINITION OF PROPERTY
All the buildings insured and described in the Schedule including all outbuildings thereto (constructed of brick, stone, concrete or metal on metal framework and roofed with slate, tiles, metal, concrete or asbestos unless otherwise stated in the Schedule) and sporting and recreational structures, landlord's fixtures and fittings therein and thereon (including but not limited to, television and radio aerials, satellite dishes and masts, close circuit TVs and cameras, fire extinguishing equipment, lightning conductors, fixed air conditioning units, ventilator fans and geysers (including solar geysers and solar geyser heating panels), fixed filtration plant, water-pumping machinery, electronic gate motors, garage door machinery or burglar alarm systems but excluding solar power systems), walls (except dam walls), gates, posts, fences, and tarred or paved roads: driveways, paths, or parking areas.
Hollard Business Policy – Binder – Version 8 2024 Page | 35