Page 47 - Hollard Business Policy - Binder

Office Contents
SUB-SECTION A – CONTENTS DEFINED EVENTS
OFFICE CONTENTS
Loss of or damage to the whole or part of the contents (as defined in Definition of contents) described in the Schedule, owned by the Insured or for which they are legally responsible, including alterations by the Insured as tenants to the building and structures, by:
1. fire;
2. lightning and thunderbolt;
3. subterranean fire;
4. explosion;
5. earthquake (whether arising from mining operations or otherwise), volcanic eruption or other convulsion, but excluding loss of or damage to property in the underground workings of any mine;
6. special perils:
6.1 storm, wind, water, hail or snow but excluding damage to property:
6.1.1 arising from its undergoing any process necessarily involving the use or application of water;
6.1.2 caused by tidal wave originating from earthquake;
6.1.3 in the underground workings of any mine;
6.1.4 in the open (other than buildings, structures and plant designed to exist or operate in the open) unless specifically insured as a separate item in the Schedule;
6.1.5 in any structure not completely roofed unless specifically insured as a separate item in the Schedule;
6.2 aircraft and other aerial devices or articles dropped therefrom;
6.3 impact by animals, trees, aerials, satellite dishes or vehicles excluding damage to such animals, trees, aerials, satellite dishes or vehicles or property in or on such vehicles;
PROVIDED THAT:
this Defined Event (special perils) does not cover:
1. wear and tear or gradual deterioration;
2. damage caused or aggravated by:
2.1 leakage or discharge from any sprinkler or drencher system in the buildings insured hereby exceeding R50 000 (fifty thousand rand);
2.2 subsidence or landslip;
2.3 the Insured's failure to take all reasonable precautions for the maintenance and safety of the property insured and for the minimization of any damage;
2.4 mildew, damp, rising damp, rust, corrosion or rot;
7. 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);
8. theft;
PROVIDED THAT:
8.1 theft (or any attempt thereat) was accompanied by visible signs of physical damage as a result of the forcible and violent entry or exit from the premises;
8.2 the Company shall not be liable to pay more than 25% (twenty five percent) of the sum insured. Additional cover may be purchased in which case the limit stated in the Schedule will be over and above the automatic cover provided;
Hollard Business Policy – Binder – Version 8 2024 Page | 45