Page 39 - Policy Wording - Hollard Business Binder (2020-08-26)

Fire
4.12.4 be mindful of risks where contamination might be an issue or where property is particularly susceptible to water damage. Terms should be adjusted accordingly, i.e. apply a rate loading.
First Loss sum insured stated in the schedule .100% 10% of claim minimum R1 500
4.13 Tobacco in barns, buildings with tobacco as contents and kilns – Agri only
4.13.1 avoid this type of risk and treat as accommodation only;
4.13.2 highly flammable if other than wind drying is used;
4.13.3 decline risks where drying is by heat;
4.13.4 modern drying processes are less problematic;
4.13.5 all stock must be pallatised at least 10cm (ten centimetres) from the ground.
Rate
Description
Rate
Excess
Rate
Description
Rate
Excess
a) Bulk curers
b) Conventional drying, coal/gas heating
c) Air curing
d) Buildings, sheds and cellars – standard construction
e) Buildings, sheds and cellars – non-standard construction
4.14 Property designed to operate in the open
2.75% 25% of claim
2.75%
3.75%
2.00%
3.00%
4.14.1 Special perils cover will only apply if the item is designed to operate in the open.
4.14.2 Be mindful of property in remote areas.
4.14.3 High probability of malicious damage.
Rate
Description
Rate
Excess
1. Pumps (in the open or caged):
a) b)
above known flood level
below known flood level (if properly protected against water/flood)
3.50% 10% of claim minimum R1 000 5.75% 15% of claim minimum R2 500
2. Contents of pump houses:
Pump(s), electrical panel boards, cables and harnesses and motor(s):
a) above known flood level
b) below known flood level
2.00% Decline
10% of claim minimum R1 000 N/A
3. Masts and antennae:
a) fire and lightning only
b) combined fire perils
.550% 1.25%
10% of claim minimum R1 000 10% of claim minimum R1 500
Add excess:
If property is not protected by an arrestor or any approved device an additional excess of R2 000 must be applied.
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Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020