Page 70 - Policy Wording - Hollard Business Binder (2020-08-26)
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Glass
Optional Extensions
Description
Rate (All Areas)
Special replacement
Riot and Strike
Additional claims preparation costs
Load rate by 25%
.100%
50% of the underlying base rate
Loadings/Discounts
Description
Discount/Loading
Loading if glass is street-facing and not protected by grille gates after hours 35% Loading if glass is street-facing and protected by grille gates 20% Loading on glass in shops in enclosed shopping centres 15%
Discount for interior glass and mirrors
Discount if all windows are small, for example individual value of under R1 000
5. DECLINED AND REFERRAL RISKS
(20%) (20%)
5.2
Annual Monthly
5.1.3 Cracked glass
5.1.4 Glass forming part of stock-in-trade
5.1.5 Greenhouses, conservatories, studios and outhouses
5.1.6 Light fittings/Foot lights fixed horizontally
5.1.7 Sanitary ware
5.1.8 Vending machines and/or coin operated machines
The following risks should be referred:
5.1
The following risks should be avoided:
5.1.1 Any risk declined under the Theft section
5.1.2 Buildings in the course of erection, undergoing repairs or wherein artisans are engaged in shop fitting activities
5.2.1 5.2.2
Premises in high crime areas Structural glass in high rise buildings
Minimum section premium
R750 R65
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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