Page 150 - Policy Wording - Hollard Business Binder (2020-08-26)

Pedigreed Animals
3.6.2.7 3.6.2.8 3.6.2.9 3.6.2.10
3.7 Age restrictions
Pedigreed cattle
Pedigreed sheep/goat
Exceeding maximum age
whether the animal will be hired out, and if so, any known address; address where the animal will be kept;
copy of veterinary certificate indicating good health;
value as at auction and value insured (full motivation if the values differ) as market value is the basis of settlement.
Animal type
Minimum age for new insurance
Maximum age for new insurance
Maximum age at renewal
Additional penalty rate applicable
6 months
6 months
N/A
Rising 7 years
Rising 3 years
Refer Hollard
Rising 9 years
Rising 5 years
Refer Hollard
7 to 9 years
3 to 5 years
2.50%
2.50%
N/A
3.8 Geographical limits
Republic of South Africa, Namibia, Lesotho, Botswana, Swaziland, Zimbabwe and Malawi.
3.9 Maximum acceptance
Pedigreed animal
Maximum acceptance
Any one animal
Risk location
Pedigreed cattle R100 000 R1 000 000
Pedigreed sheep/goat R50 000 R1 000 000
3.10 Slaughter and surgical
3.10.1 Euthanasia of pedigreed animals without the consent of Hollard is excluded except in the case of fractured bones necessitating immediate slaughter in the interest of humanity;
3.10.2 destruction of pedigreed animals in compliance with statutory requirements or any order of a Government or Local Authority;
3.10.3 surgical operation unless written consent had been given by Hollard.
3.11 Cancellation
When cover is cancelled by the Insured the unexpired portion of premium will be calculated in terms of the short-period scale below:
Period of insurance in force
Percentage of annual premium refund
1 week
1 month
2 months
3 months
4 months
5 months
6 months
7 months
8 months More than 8 months
15% 25% 40% 50% 65% 70% 75% 80% 85% 100%
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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