Page 130 - Policy Wording - Hollard Business Binder (2020-08-26)

Motor
4.10
Tractors – farm use only
Comprehensive Cover
A Third Party only
B Fire
C Theft
A + B+ C =
TP F T
All areas
Claim-free Groups
0
1
2
3
4
5
6
7
8
9
Min. prem.
Rate on sum insured
3.00% 2.75% 2.55% 2.25% 2.00%
1.75%
1.50%
1.25%
1.00%
.75%
R350 R250
.300% .300%
A + B + C
4.11
Harvesters – farm use only
No contracting
All areas
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
4.50% 4.25% 4.00% 3.75%
3.50%
1.50%
3.25%
1.50%
3.00%
1.50%
2.75%
1.50%
2.50%
1.50%
2.25%
1.50%
R1 000 R550
R500 R250
.500% .300%
.300% .300%
A + B + C
A + B + C
4.12
Farming implements
Comprehensive Cover
A
Third Party only
B Fire
C Theft
A + B+ C =
TP F T
All areas
Claim-free Groups
0
1
2
3
4
5
6
7
8
9
Min. prem.
Rate on sum insured
1.50% 1.50% 1.50% 1.50%
4.13
Optional extensions
All areas
Applicable to both business and farmers' use
Optional extension
Rate and limit/excess
Credit shortfall
(available for all vehicle types)
Available options:
a) 5% of vehicle value – load base rate by 2.5%
b) 10% of vehicle value – load base rate by 4.9%
c) 15% of vehicle value – load base rate by 7.2%
d) 20% of vehicle value – load base rate by 9.5%
Basic excess waiver
(private type vehicle and LDV’s with a GVM less than 3 500kg only)
a) 25% of vehicle premium
b) vehicle(s) to be specified
Contingent liability
(available for all vehicle types)
a) R1 000 000 at R360 per vehicle per annum
b) R2 500 000 at R900 per vehicle per annum
c) R5 000 000 at R1 800 per vehicle per annum
d) Limits in excess of R5 000 000 to be referred
Riot and strike
(available for all vehicle types)
a) b)
0.05% of vehicle value Vehicle(s) to be specified
Loss of keys (in excess of wording limit)
(available for all vehicle types)
a) R10 000 at R60 per vehicle per annum
b) R20 000 at R120 per vehicle per annum
c) R30 000 at R180 per vehicle per annum
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
129