Page 46 - Commercial - Underwriting Mandates & Guidelines Binder

4.8 Geysers/Water heating systems
Refer to point 4.11 under the Fire section.
4.9 Theft of external fixtures and fittings
4.9.1 If the building is insured on the policy, cover may be extended to include theft of external fixtures and fittings. Take loss history and security measures in place into consideration when affording this cover.
4.9.2 The sum insured is limited to a maximum of R250 000.
4.9.3 Air conditioning units/vents attached to the building will be included under this optional extension.
4.9.4 Solar power systems must be specifically excluded from this optional extension and insured under the Theft section.
External fixtures and fittings 3% 10% of claim minimum R750
Buildings Combined
Rate
Description
Rate
Excess
4.10 Prevention of access (extension to Sub-Section C – Rent)
Cover is limited to 25% of the Rent sum insured, not exceeding R20 000 000.
The inability to access the insured premises 0.01%
4.11 Additional rent
Nil
Basic excess
R1 500 R135
Rate
Description
Rate
Excess
4.11.1 4.11.2
Additional rent
4.12 Additional claims preparation costs
Charge 50% of the underlying base rate.
Minimum section premium
Annual Monthly
Rent is automatically included at 30% of the Building sum insured. The option to increase cover is available at an additional premium.
Rate
Description
Rate
Excess
As per Building Combined
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Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022