Page 27 - Policy Wording - Hollard Business Binder (2020-08-26)

Sectional Title and Property Risk
6. COVER PROVIDED AND RATES
6.1 The schedule makes provision for cover as follows:
Policy Section
Free Cover
Premium Required
Property – buildings
Geyser
Business Interruption
Office Contents
Accidental Damage
All Risks
General Motor
Machinery Breakdown including Consequential Loss
Electronic Equipment
Commercial Crime
Public Liability
Trustees Liability
Employers Liability
See rating table, per Cresta Zone
Additional cover
Additional cover
R150 000 included
R250 000
Additional cover
Additional cover
R75 000 included
Additional cover
R75 000 included
Additional cover
Additional cover
Additional cover
R50 000 included
Additional cover
Charged for, see 6.2 below
Charged per geyser, see 6.2.2 below
• 12 months – 50% of base rate • 24 months – 35% of base rate
Money
SASRIA
6.2
Increased limits – .500%
Increased limits – 1.50%
Per item, see 6.2.5 below
Per item, see 6.2.7 below
Increased limits – 3.50%
Per item, see 6.2.6 below
Increased limits – Refer Hollard
See 6.2.4 below
See 6.2.4 below
See 6.2.4 below
Increased limits – 4%
Per section – residential rates
3,9M – 10M
10,1M – 25M
25,1M – 50M
50,1M – 75M
75,1M – 100M
0.1000% 0.0917% 0.0910% 0.0860% 0.0800%
0.0823% 0.0800% 0.0750% 0.0710% 0.0660%
0.0930% 0.0910% 0.0840% 0.0800% 0.0750%
0.0823% 0.0800% 0.0750% 0.0710% 0.0660%
0.0910% 0.0893% 0.0830% 0.0783% 0.0740%
0.1000% 0.0917% 0.0910% 0.0860% 0.0800%
0.1000% 0.0917% 0.0910% 0.0860% 0.0800%
0.0778% 0.0778% 0.0823% 0.0760% 0.0760% 0.0800% 0.0700% 0.0700% 0.0750% 0.0670% 0.0670% 0.0710% 0.0630% 0.0630% 0.0660%
0.0778% 0.0823% 0.0760% 0.0800% 0.0700% 0.0750% 0.0670% 0.0710% 0.0630% 0.0660%
0.0910% 0.0910% 0.1000% 0.0893% 0.0893% 0.0917% 0.0830% 0.0830% 0.0910% 0.0783% 0.0783% 0.0860% 0.0740% 0.0740% 0.0800%
0.0910% 0.0893% 0.0830% 0.0783% 0.0740%
RATING GUIDE
6.2.1
Pure Residential Property
2900-3199 9300-9399 0001-0199 2000-2199 1400-1699 7700-8099 4000-4099 6800-6899
Cresta Zone
1
Gauteng
2
Cape Prov.
3
KZ N
4
Orange Free Stat
5
Pretoria
6
JHB
7
East Rand
8
Cape Town
9
Durban
10
Cape Prov.
11
Karoo
12
Eastern Cape
13
Port Elizabeth
14
Ciskei
15
East London
16
Cape Various
0200-0399 0400-0999 1000-1399 1700-1799 1800-1999 2200-2399 2400-2499 2500-2699 2700-2799 2800-2899
6900-7099 8100-8299 8300-8499 8500-8699 8700-8799 8800-8999
3200-3399 9400-9599 3400-3599 9700-9899 3600-3799 9900-9999 3800-3999
7400-7699 6300-6499 7100-7399 6500-6699 6700-6799
6000-6099 5600-5799 5200-5299 6100-6199
4900-5199 5300-5599 5800-5999 6200-6299
4100-4299 4300-4499 4500-4699 4700-4899
SUM INSURED
Calculate S/I – Excl. Vat buildings plus rent and escalation for rating purposes
26
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
Postal code relative to physical address