Page 40 - Policy Wording - Hollard Business Binder (2020-08-26)

Fire
Rate
Description
Rate
Excess
4. Solar panels:
a) fire and lightning only
b) combined fire perils
.250% .375%
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.
4.15 Subsidence and Landslip
Please refer to the section on Subsidence and Landslip.
Extended cover .175% 5% of claim minimum R5 000
4.16 Fire crop and stack – Agri only
4.16.1 Hollard does not underwrite growing crop.
4.16.2 Cover for crop and stack is treated as an accommodation risk and must be referred to Hollard Agri for approval.
4.16.3 Perils are restricted to fire and lightning only and consequential loss of any kind is excluded.
Rate
Description
Rate
Excess
Rate
Description
Rate
Excess
a) In the open, fire and lightning only b) Warranties:
i) Maximum value in any one land (identified) limited to R300 000.
ii) Maximum any one location (accumulation) limited to R1 250 000.
iii) Each land to be specified.
5.75%
25% of claim
4.17 Wild baboons/monkeys
These animals are capable of destroying an entire roof as well as contents.
Rate
Description
Rate
Excess
Buildings and contents 1.25%
10% of claim minimum R500
4.18 Geysers/water heating systems
4.18.1 4.18.2 4.18.3
Cover automatically included up to R10 000.
Building must also be insured on the policy for cover to apply. Limits in excess of R10 000 may be purchased.
Rate
Description
Rate
Excess
Unit
3.5%
10% of claim minimum R1 000
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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