Page 119 - Commercial - Underwriting Mandates & Guidelines Binder

Motor
Voluntary excess
Discount
Max value of discount
R2 500
R5 000
R7 500
R10 000
Any greater amount
2.11 Towing and release fee limitation
2.5% R500
5% R750
7.5% R1 000
10% R1 500
Refer Hollard
2.11.1 In the event that the insured vehicle needs to be towed, the Insured must make use of a Hollard approved assist line.
2.11.2 Should this not be the case, the towing and release fees will be limited to:
• R2 850 (two thousand eight hundred and fifty rand) (VAT inclusive) for vehicles with a GVM up to 3 500 kg; and
• R5 500 (five thousand five hundred rand) (VAT inclusive) for vehicles with a GVM above 3 500 kg.
2.11.3 Any amount in excess of the above will be for the Insured's own account.
2.11.4 The following endorsement must reflect on the Schedule under the motor section of each and every Policy:
Towing and release fees limitation
If the insured vehicle is disabled by reasons of any loss or damage insured hereby, the Company will pay the reasonable cost of protection and removal to the nearest repairers;
PROVIDED THAT:
the services of the Hollard assist line is utilised, failing which the towing and release fees will be limited as follows:
Vehicles up to 3 500 kg
Safeguarding your vehicle after an
Excess
Limit
Accident: Towing & Release fees
Accident: Towing & Release fees
24 hour assistance number: 08600 38262
2.12 Own damage retention limits
Nil R2 850 unless a Hollard Service Provider is used
Nil R5 500 unless a Hollard Service Provider is used
Vehicles above 3 500 kg
Safeguarding your vehicle after an
Excess
Limit
2.12.1 Our net retention any one vehicle is R2 500 000 (VAT exclusive).
2.12.2 An autofac facility is available for vehicles in excess of the above amount.
2.12.3 Where facultative cover is required, the autofac form must be completed in full and sent to Hollard for placement.
2.13 Third party liability retention limit
2.13.1 Cover is automatically included at R2 500 000.
2.13.2 Increased cover can be purchased as per the Umbrella Liability facility.
Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022 117