|
|
Back to Short-Term
|
The cover is designed to provide comprehensive cover for the following properties:
- Residential blocks of flats, townhouses and cluster home developments
- Retirement villages (excluding frail care liability risks)
- Combined residential and commercial risks provided the commercial content does not exceed 25% of the total risk
- Office Blocks
The cover is a total specialist insurance package in one compact policy designed to provide comprehensive cover with competitive premiums and flexible payment facilities. Escalation and inflation contingencies are automatically included and the cover is structured to meet the requirements of the Sectional Title Act.
|
| Summary of Some of the Benefits |
| Buildings Combined |
Actual Value |
| Escalation & Inflation |
% of Actual Value |
| Loss of Rentals |
30% of Actual Value |
| Public Liability |
R20,000,000.00 |
| P.L. - Trustees Indemnity |
R750,000.00 |
| Office Contents |
R100,000.00 |
| Money |
R20,000.00 |
| Fidelity Guarantee |
R50,000.00 |
| Accidental Damage |
R100,000.00 |
| Accidental Damage - Articles of a brittle nature |
R25,000.00 |
| Employers Liability |
R10,000,000.00 |
| Machinery Breakdown |
R50,000.00 |
| Claims Preparation Costs |
R50,000.00 |
| Business All Risks |
Optional |
| Business All Risks - Geyser |
Optional |
| Commercial Glass |
Optional |
| Electronic Equipment |
Optional |
| |
| First Amounts Payable (Excesses) |
| Fire Nil |
Geysers Combined |
Shade Cloth
R500 |
0 to 5 years old
R500 |
All other claims
R500 |
6 years and older
R1,000 |
| |
|
Cover Includes
|
-
Removal of fallen trees
-
Hiring of security services following a breech in security
-
Reinstatement of landscaped gardens
-
Replacement of locks and/or keys damaged/lost following burglary
-
Cross liabilities
|
|
|
|
