Page 38 - Policy Wording - Hollard Business Binder (2020-08-26)

Fire
Age of shade nets
Excess
Comments
Up to 1 year
Up to 2 years
Up to 3 years
Up to 4 years
Up to 5 years
Older than 5 years
10% of claim
25% of claim
40% of claim
60% of claim
80% of claim
100% of claim
Replacement value, average applicable
Replacement value, average applicable
Replacement value, average applicable
Replacement value, average applicable
Replacement value, average applicable
Replacement value, average applicable
4.9
a) Stands
b) Fuel
4.10
Fuel and fuel stands
4.9.1 4.9.2 4.9.3
4.9.4
It is not uncommon for businesses or farms to have their own fuel supply on the premises; obtain proof of installation by the fuel supplier and compliance with SABS standards;
with environmental pollution and awareness in mind the tank(s) must have sufficient bund walling to restrict contamination of the surrounding area;
bund walls must have capacity equal to 110% or more of the tank's contents.
.350% 5% of claim minimum R1 500
.350% 10% of claim minimum R1 500
Rate
Description
Rate
Excess
Riot and Strike
This extension is sub-limited to 75% (seventy five percent) of the applicable sum insured. Please refer to the section on Riot and Strike.
Rate
Description
Rate
Excess
Outside RSA and Namibia, sum insured .100% 10% of claim minimum R1 000
4.11 Retaining walls
Can be covered for special perils subject to:
4.11.1 4.11.2 4.11.3 4.11.4
building specifications provided;
engineer's report on the construction of the wall;
full replacement value of the wall;
a survey is suggested to ascertain slopes, water management, previous damage or signs that may cause potential claims.
Rate
Description
Rate
Excess
Special perils .800% 10% of claim minimum R1 000
4.12 Leakage
4.12.1 4.12.2 4.12.3
The policy provides R10 000 (ten thousand rand) free leakage cover; additional cover can be purchased on a first loss basis only;
leakage as a result from any sprinkler system, fire extinguisher or similar equipment and must be accidental;
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020 37