Page 128 - Policy Wording - Hollard Business Binder (2020-08-26)

Motor
4.
AGRI – PREMIUM CALCULATION
4.1 Car hire (loss of use) – private motor and commercial vehicles not exceeding GVM 3 500kg – private use
Sedans and commercial vehicles with GVM not exceeding 3 500kg
Comprehensive Cover
A
Third Party only
B Fire
C Theft
A+ B +C
=
TP FT
All areas
0
1
2
3
4
Claim-free Groups
5
6
7
8
9
Min. prem.
Rate on sum insured
12.50% of underlying Motor premium
4.2 Sedans and commercial vehicles with GVM not exceeding 3 500kg
R1 100 N/A
N/A N/A
N/A
Areas
a) Private use
b) Transport contractors – decline
Comprehensive Cover
A
Third Party only
B Fire
C Theft
A + B+ C =
TP F T
Claim-free Groups
0
1
2
3
4
5
6
7
8
9
Min. prem.
Rate on sum insured
1 2 3
8.00% 7.75% 7.50% 7.25%
7.50% 7.25% 7.00% 6.75%
7.00% 6.75% 6.50% 6.25%
7.00% 6.75% 6.50%
6.50% 6.25% 6.00%
6.00% 5.75% 5.50%
6.25% 6.00%
5.75% 5.50%
5.25% 5.00%
5.75%
5.25%
4.75%
R1 300 R500
R1 300 R500
R1 300 R500
.500% 1.10%
.500% 1.10%
.500% 1.10%
A+B+ C
A+B+ C
A+B+ C
4.3 Sedans and commercial vehicles with GVM not exceeding 3 500kg
Areas
a) Business use
b) Transport contractors – decline
Comprehensive Cover
A
Third Party only
B Fire
C Theft
A + B+ C =
TP F T
Claim-free Groups
0
1
2
3
4
5
6
7
8
9
Min. prem.
Rate on sum insured
1 2 3
10.00% 9.50%
9.00% 8.50%
8.50% 8.00%
8.00% 7.50%
8.00% 7.50% 7.00%
7.50% 7.00% 6.50%
7.00% 6.50% 6.00%
6.50% 6.00%
6.00% 5.50%
5.50% 5.00%
5.50%
5.00%
4.50%
R1 500 R650
R1 500 R650
R1 500 R650
.500% 1.55%
.500% 1.55%
.500% 1.55%
A+B+ C
A+B+ C
A+B+ C
9.50% 9.00%
4.4
9.00% 8.50%
Commercial vehicles with GVM exceeding 3 500kg
Areas
a) Business use
b) Transport contractors – decline
Comprehensive Cover
A
Third Party only
B Fire
C Theft
A + B+ C =
TP F T
Claim-free Groups
0
1
2
3
4
5
6
7
8
9
Min. prem.
Rate on sum insured
1 2 3
9.50% 9.00% 8.50% 8.00%
9.00% 8.50% 8.00% 7.50%
8.50% 8.00% 7.50% 7.00%
7.50% 7.00% 6.75% 6.50% 6.25%
7.00% 6.50% 6.25% 6.00% 5.75%
6.50% 6.00% 5.75% 5.50% 5.25%
6.00%
5.50%
5.00%
R2 000 R750
R2 000 R750
R2 000 R750
.500% 1.25%
.500% 1.25%
.500% 1.25%
A + B + C
A + B + C
A + B + C
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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