Page 34 - Policy Wording - Hollard Business Binder (2020-08-26)

Fire
4.3.2 All irrigation systems must be insured in terms of the section provided for in the Agri policy.
4.3.3 Spray-irrigation pipes can be underwritten in terms of this section. Rate under items in the open.
b) below known flood level Decline N/A
c) fire and lightning only .500%
4.4 Windmills – Agri only
4.4.1 All windmills on the property must be insured; no selection allowed, unless the specific windmill can be identified.
Spray irrigation systems (in the open)
Rate
Excess
Irrigation piping (including micro irrigation, steel- type piping and the like):
a) above known flood level – all perils
2.00%
10% of claim minimum R1 250
4.4.2 Minimum
information required:
4.4.2.1 value;
4.4.2.2 name of manufacturer – assists with valuation and identification;
4.4.2.3 wheel size – this provides an indication of probability of damage;
4.4.2.4 height of tower – this provides an indication of probability of damage;
4.4.2.5 identification – this information prevents insuring one windmill but then potentially claiming for other units;
4.4.2.6 wind and storm perils are the most likely to generate claims.
Rate
Description
Rate
Excess
All perils (comprehensively)
Fire and lightning only
4.5 Silos – Agri only
a) Farm-type steel upright silos
b) Co-operative type silos
8%
1%
25% of claim
25% of claim
10% of claim minimum R2 500
1. Types of silos insured
Description of property insured
Maximum acceptance
Excess applicable
Silo
Location
R50 000
R500 000
refer Hollard for acceptance
2. Underwriting a built-up silo
Structure
Contents
1. Continuous maintenance of structures to ensure:
a) testing against mould, decay and/or condensation is done;
b) the structure must be in good order at all times, free from leaks or damp penetration;
c) the area surrounding the silo to be kept cleared;
d) water to be adequately diverted from the silo to prevent flooding.
1. Continuous inspection on contents to ensure:
a) testing against mould, decay and/or condensation is done;
b) silo covers opened bi-weekly to inspect for condensation;
c) bi-weekly testing for heat variation;
d) health regulations as defined adhered to and effective pest control;
e) controlled mixing of wet and dry product as well as heat and artificially dried product.
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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