Page 83 - Hollard Business Policy - Binder

Business All Risks
DEFINED EVENTS
1. Loss of or damage:
BUSINESS ALL RISKS
1.1 to the whole or part of the property described in the Schedule whilst anywhere in the world by any accident or misfortune not otherwise excluded;
1.2 the Insured shall be responsible for the first amount payable stated in the Schedule in respect of each and every event except a claim resulting from fire, lightning or explosion.
2. Losses as a result of remote blocking:
2.1 If the Insured can demonstrate through video surveillance footage (or any other conclusive proof) that an attempt was made to lock the vehicle using the vehicle remote but that the locking mechanism was blocked by thieves using an electronic device, such evidence will be deemed to satisfy the forcible and violent entry or exit requirement for any loss out of the cab or boot of the vehicle;
PROVIDED THAT:
1. cover shall only apply to property that is separately and individually specified in the Schedule;
2. the Insured shall be responsible to pay the first amount payable as stated in the Schedule.
2.2 Where the Insured maintains that the vehicle was locked but no evidence of forcible and violent entry into or exit from the vehicle exists, cover may be considered;
PROVIDED THAT:
1. the police case number is supplied to the Company;
2. cover shall only apply to property that is separately and individually specified in the Schedule;
3. after deduction of the first amounts payable in the Schedule, the liability of the Company is further restricted to the lesser of the sum insured shown on the Schedule or R25 000 (twenty five thousand rand) in respect of any one event;
4. the Insured shall be responsible for an additional first amount payable of 10% (ten percent) of the claim minimum R1 000 (one thousand rand).
SPECIFIC EXCEPTIONS
The Company shall not be liable for:
1. loss of or damage to property resulting from or caused by:
1.1 theft from any unattended vehicle unless;
1.1.1 the property is hidden from sight in a completely closed and securely locked vehicle; or
1.1.2 the vehicle itself is housed in a securely locked building; and
1.1.3 entry to or exit from such locked vehicle or building is accompanied by visible signs of physical damage as a result of the forcible and violent entry or exit;
1.2 its undergoing a process of cleaning, repair, dyeing, bleaching, alteration or restoration;
1.3 inherent vice or defect, vermin, insects, damp, mildew or rust;
1.4 the dishonesty of any principal, partner, director or employee of the Insured whether acting alone or in collusion with others;
1.5 detention, confiscation or requisition by Customs or other officials or authorities;
1.6 theft or any attempt thereat or damage from any contract site after normal business hours unless the property insured is contained in a securely locked building and the loss is accompanied by forcible, visible and violent entry into or exit from the building containing the property insured;
1.7 theft or disappearance which is not identifiable with a specific incident;
Hollard Business Policy – Binder – Version 8 2024 Page | 81