Page 121 - Policy Wording - Hollard Business Binder (2020-08-26)

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:
Motor
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
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
3.
COMMERCIAL MOTOR PREMIUM CALCULATION
2.12 Retention limits
3.1
Private Type Vehicles
R300
R250
R250
R250
R250
R250
R250
R250
R250
R250
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.
PRIVATE TYPE VEHICLES
REGION
VEHICLE VALUE
MINIMUM MONTHLY PREMIUM
up to R150 000
R150 001 – R200 000
R200 001 – R250 000
R250 001 – R300 000
R300 001 – R350 000
Gauteng
North-West/Limpopo/ Mpumalanga Metro
NW/LP/MP Rural
Free State Metro
Durban/Pieter- maritzburg
South Coast/North Coast
Cape Town/Boland Metro
Western Cape Rural
Port Elizabeth
East London
6.50% – 5.50%
6.00% – 5.00%
5.50% – 4.75%
5.50% – 4.75%
6.00% – 5.00%
5.50% – 4.50%
5.25% – 4.75%
5.00% – 4.50%
5.25% – 4.75%
5.00% – 4.50%
5.50% – 4.50%
5.00% – 4.00%
4.50% – 3.75%
4.50% – 3.75%
5.00% – 4.50%
4.50% – 4.00%
4.25% – 3.75%
4.00% – 3.50%
4.25% – 3.75%
4.00% – 3.50%
5.00% – 4.00%
5.00% – 3.95%
4.50% – 3.65%
4.50% – 3.65%
4.50% – 4.25%
4.00% – 3.75%
4.25% – 3.55%
4.25% – 3.40%
4.00% – 3.65%
4.00% – 3.40%
4.75% – 3.75%
4.50% – 3.55%
4.50% – 3.50%
4.50% – 3.50%
4.25% – 4.00%
3.75% – 3.50%
4.00% – 3.50%
4.00% – 3.30%
4.00% -3.50%
4.00% – 3.50%
4.50% – 3.65%
4.50% – 3.55%
4.50% – 3.50%
4.50% – 3.50%
4.00% – 3.75%
3.50% – 3.40%
4.25% – 3.40%
4.00% – 3.25%
4.00% – 3.35%
4.00% – 3.35%
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Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020