Page 65 - Hollard Business Policy - Binder

Theft
DEFINED EVENTS
THEFT
Loss of or damage to all contents (the property of the Insured or for which they are legally responsible) of any insured building(s) at the insured premises described in the Schedule as a result of 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.
The Insured shall be responsible for the first 10% (ten percent) with a minimum of R750 (seven hundred and fifty rand) in respect of each and every claim or the amount stated in the Schedule.
The Company will also pay for loss or damage to property as a result of:
1. Losses caused or accompanied by:
1.1 a thief or thieves being concealed upon the insured premises before close of business;
1.2 entry to and/or exit from the premises being effected by use of a skeleton key or other similar device (excluding a duplicate key);
PROVIDED THAT:
the Insured shall establish to the satisfaction of the Company that such a skeleton key or device was used.
2. Losses whilst in a building at any additional premises:
PROVIDED THAT:
1. such additional premises are advised to the Company within 30 (thirty) days from the time the risk attaches to the Company;
2. an additional premium, if any, is paid;
3. the Company’s liability in respect of this Extension shall not exceed 50% (fifty percent) of the highest amount stated in the Schedule applicable to any one premises.
3. Damage to buildings
Damage to the buildings including landlord's fixtures and fittings whether inside the buildings or attached to the outside of the buildings at the insured premises in the course of theft or any attempt thereat;
PROVIDED THAT:
the Company will not be liable to pay more than R10 000 (ten thousand rand) per event.
4. Additional costs
The Company will also pay for costs incurred but excluding any amount recoverable under any other Provision or Section in respect of:
4.1 loss of buildings, landlord's fixtures and fittings at the insured premises as a result of 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;
4.2 temporary repairs in respect of all reasonable costs and expenses in effecting such temporary repairs and in taking such temporary measures as may be reasonably necessary after loss or damage;
PROVIDED THAT:
1. the Company shall not be liable to pay more than R10 000 (ten thousand rand) in the aggregate each and every event;
2. the Insured shall be responsible for the first R750 (seven hundred and fifty rand) in respect of each and every claim.
Hollard Business Policy – Binder – Version 8 2024 Page | 63