Page 167 - Policy Wording - Hollard Business Binder (2020-08-26)
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Third Party
Third Party – Jet ski’s
Passengers (non-paying)
Passengers (non-paying) – Jet ski’s
Third Party in respect of water skiers
5.3 Additional rates to apply
Glitter, decoration
Vessel exceeding 6 meters but not 10 meters
Speed exceeding 50 knots but not exceeding 75 knots
5.4 Riot and strike
Minimum section premium
Annual Monthly
R500 R2 500
R300 R2 500
R300 R1 000
N/A N/A
R300 R2 500
0.5% Additional R500
1.75% additional R750
1% Additional R1 000
0.025% 10% of claim minimum R1 000
R1 000 R90
Watercraft
Property
Rate Premium
Excess
5.2 Liabilities
Submerged objects:
damage to hull only – rubber ducks and jet ski’s excluded from this cover
1%
Additional R1 000
Submerged objects:
damage to hull and motor – not applicable to rubber ducks and jet ski’s
2.25%
Additional R1 000
166
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
