Body Corporate (Sectional Title)

Transcription

1 Policy Number: Body Corporate (Sectional Title) PHOENIX RISK SOLUTIONS (PTY) LTD 2003/022792/07 Postal Address P O Box Physical Address Unit E&F, Cirtech House Tokai Stibitz Street 7966 Westlake Business Park Westlake 7945 Telephone (021) Vat no. Facsimile (021) phoenix@adept.co.za Underwritten by Mutual & Federal Insurance Company REG. Insured The Trustees for the time being of the Body Corporate known as ADDERLEY (THE) BODY CORPORATE and registered under Section Plan Number as owners and all bondholders of registered mortgage bonds over the units of the property insured as mortgagee FTRRI Client Number Postal Address C/O PERMANENT TRUST(PTY) LTD P O BOX 5091 CAPE TOWN 8000 Situation of Premises Business Description All premises as stated in each section owned or used by the insured for the purposes of the business all situated in the Republic of South Africa Namibia Botswana Lesotho Swaziland Zimbabwe and Malawi BODY CORPORATE Period of Insurance From 01 Aug 2012 To 31 Jul 2013 and monthly thereafter Renewal / Anniversary Date 1 August 01 Aug 2012 Printed by K.I.S. Page: 1

2 Policy Number: SCHEDULE SUMMARY POLICY SECTION SECTIONS RECURRING ADJUSTMENT AVAILABLE INCLUDED PREMIUM PREMIUM 1. BUILDINGS Yes R R ACCIDENTAL DAMAGE Yes R R OFFICE CONTENTS Yes R R ALL RISKS Yes R R MONEY Yes R R FIDELITY GUARANTEE Yes R R PUBLIC LIABILITY Yes R R EMPLOYERS LIABILITY Yes R R MACHINERY BREAKDOWN Yes R R SASRIA : MATERIAL DAMAGE Yes R R SUB TOTAL R Admin Fee R 0.00 Policy Charge R 0.00 Insurer Fee R 0.00 TOTAL R AMOUNT DUE R NOTE: All premiums and insured values/sums insured are INCLUSIVE OF V.A.T. at the applicable rate. This Schedule becomes a tax invoice when the total amount requested has been paid in full. Broker VAT Number Commission Earned R Signed at Westlake on 16 Oct On behalf of Mutual & Federal Insurance Company COMMENTS 01 Aug 2012 Printed by K.I.S. Page: 2

3 1. BUILDINGS 25 ADDERLEY STREET, CAPE TOWN, 8001 Sub-Section A - Property Buildings at the premises as described above Claims preparation costs Yes Extensions to Sub-Section A: 1. Accidental loss/damage to pumps of swimming pools and the like Yes Animal kennelling Yes Bacterial infection Yes Damage to landscaped gardens Yes Furniture temporary storage and transit Yes Generator hire following an insured event Yes Home modifications (applicable to the residential sections only) Yes Leakage extension (Full Value) Yes 9. Locks and keys following theft Yes Loss of water (applicable to the residential buildings only) Maximum 2 events per 12 month period of insurance Yes Maintenance and cleaning equipment (applicable to the non-residential buildings only) Yes Medical, trauma and funeral costs: a. Medical costs and expenses Yes b. Trauma costs Yes c. Funeral expenses Yes Maximum indemnity under this extension per event Yes Removal of trees Yes Security services Yes Sprinkler systems costs and expenses Yes Subsidence and landslip: a. Limited cover Yes b. Extended cover No Sub-Section B - Rent Rent (30% of Buildng Sum Insured) Yes Sub-Section C - Geyser Replacement The maximum liability of the company under this sub-section for any one geyser shall be limited to the amounts stated below: 1. In respect of Electrical Geysers: a. 50 Litres b. 100 Litres Aug 2012 Printed by K.I.S. Page: 3

4 1. BUILDINGS c. 150 Litres d. 200 Litres e. 250 Litres In respect of Existing Solar Geysers Yes (Full replacement cost less any Eskom rebate that the insured may be entitled to) Sub-Section D - Geyser Maintenance Emergency repairs to electrical geysers following loss or damage to such geysers as a result of the events as defined in respect of this sub-section. Yes First amounts payable: 1. Basic...10% of claim minimum R1, Accidental Breakage of Fixed Glass and Sanitary Ware...R Accidental Loss or Damage to Swimming Pools pumps and the like...r Bacterial Infection...10% of claim minimum R1, Laminated Flooring Water Damage...10% of claim minimum R2, Power Surge and Lightning Strike (Waived if the property insured by this section is protected by suitable safeguards against electricity supply fluctuations)...10% of claim minimum R1,000 maximum R2, Subsidence and Landslip...1% of sum insured maximum R50, Theft of Landlord s Fixtures and Fittings...10% of claim minimum R1,000 9 Geysers...R1,000 MEMO 1 It is noted and agreed that the Escalation sum insured is R and the Inflation sum insured is R FIRST AMOUNT PAYABLE : BASIC FIRST AMOUNT PAYABLE IS 10% OF CLAIM, MIN R1 000 AND A MAXIMUM OF R Aug 2012 Printed by K.I.S. Page: 4

5 3. ACCIDENTAL DAMAGE 25 ADDERLEY STREET, CAPE TOWN, 8001 ACCIDENTAL DAMAGE Excluded Property: (Excluding brittle and/or fragile items as well as Marble and Granite Tops) Brittle and/or Fragile Items Yes Marble and Granite Tops Yes Memoranda: 1. Average No 2. Reinstatement Yes 3. First Loss Average No First amounts payable: 1. Basic...R2, Marble/Granite Tops...20% of claim, minimum R1, Aug 2012 Printed by K.I.S. Page: 5

6 4. OFFICE CONTENTS 25 ADDERLEY STREET, CAPE TOWN, 8001 Sub-Section A - CONTENTS Sub-section B: Rent (25% of Contents sum insured) Sub-section C: Documents Sub-section D: Legal liability documents Yes No No Sub-section D: Increase in cost of working (25% of Contents sum insured) Yes Extensions: 1. Locks and Keys Replacement Yes Theft Forcible and Violent Entry Yes 3. Theft Non-Forcible and Violent Entry No 4. Riot and Strike (Not applicable to the Republic of South Africa and Namibia) Yes Additional Claims preparation costs Yes First amounts payable: 1. Basic...10% of claim, minimum R Theft...10% of claim, minimum R Locks and Keys Replacement...R Power Surge and Lightning Strike (Waived if the property insured by this section is protected by suitable safeguards against electricity supply fluctuations)...10% of claim, minimum R1 000, maximum R2 000 MEMO: ONLY THE BASIC EXCESS OF R1000. WILL APPLY TO THIS SECTION. 01 Aug 2012 Printed by K.I.S. Page: 6

7 6. ALL RISKS 25 ADDERLEY STREET, CAPE TOWN, GARDENING & OTHER MAINTENANCE RELATED EQUIPMENT GATE MOTORS Extensions: Riot and Strike (Not applicable to the Republic of South Africa and Namibia) No First amounts payable: 1. Basic...10% of claim, minimum R500 FIRST AMOUNT PAYABLE The excess in the event of a claim is R Aug 2012 Printed by K.I.S. Page: 7

8 7. MONEY 25 THE ADDERLEY, CAPE TOWN, 8001 MAJOR MONEY LIMIT RECEPTACLES AND CLOTHING CLAIMS PREPARATION COSTS Minor Limits: (a) Use keys to any safe or strongroom Yes (b) Loss/Damage from an unlocked safe/strongroom whilst premises unattended Yes (c) Loss/Damage whilst not in a safe or strongroom whilst premises unattended Yes (d) Loss of money from an unattended vehicle Yes (e) Loss or damage from a locked safe/strongroom subject to the following limits: (i) no S.A.B.S. grading (ii) S.A.B.S. catergory 1 grading (iii) S.A.B.S. catergory 2 grading (iv) S.A.B.S. catergory 2 HD grading Grading D (v) S.A.B.S. catergory 2 ADM grading (vi) S.A.B.S. catergory 2 ADM - grading D (vii) S.A.B.S. catergory 3 grading (viii) S.A.B.S. category 4 grading (ix) S.A.B.S. category 5 grading Crossed Cheques Yes Extensions 1. Receptacles Yes Clothing Yes 3. Locks and keys Yes 4. Riot and strike (not applicable to the Republic of South Africa and Namibia) No 5. Personal accident assault Yes (a) Capital sum (b) Permanent Disability (% as stated in the policy wording) (c) Temporary Total Diosablement - Weekly Benefit 500 (d) Medical Expenses Aug 2012 Printed by K.I.S. Page: 8

9 First amounts payable: 1. Basic...10% of claim, minimum R Locks and Keys...R Dishonesty of any Principal, Partner, Director or Employee of the insured...10% of claim, minimum R Theft of cheques...20% of claim 01 Aug 2012 Printed by K.I.S. Page: 9

10 8. FIDELITY GUARANTEE 25 ADDERLEY STREET, CAPE TOWN Basis of cover: Blanket Basis Extensions Included 1. Retroactive cover - Date No 2. Superseded insurance Yes 3. Reduction/Reinstatement of insured amount No 4. Cost of recovery No 5. Computer losses No 6. Losses discovered more than 24 months after being committed but not more than 36 months thereafter No 7. Receipt of satisfactory systems audit in respect of loss discovered more than 24 months after being committed: No Name of Accounting Firm: 8. Voluntary First Amount Payable: R No First amounts payable: 1. Basic...10% of claim, minimum R2 500 MEMO 1 It is noted and agreed that the cover is extended to include all Trustees of the Body Corporate 01 Aug 2012 Printed by K.I.S. Page: 10

11 9. PUBLIC LIABILITY 25 ADDERLEY STREET, CAPE TOWN, TRUSTEES INDEMNITY - ALL TRUSTEES First Amount Payable: R2500. PROPERTY OWNERS LIABILITY First Amount Payable: R2500. Extensions Included 1. Legal Defence Costs Yes Wrongful Arrest and Defamation Yes Per Annual Period of Insurance for both wrongful arrest and defamation Aug 2012 Printed by K.I.S. Page: 11

12 11. EMPLOYERS LIABILITY 25 ADDERERLEY STREET, CAPE TOWN, 8001 ALL EMPLOYEES First Amount Payable: R Aug 2012 Printed by K.I.S. Page: 12

13 12. MACHINERY BREAKDOWN 25 ADDERLEY STREET, CAPE TOWN, MACHINERY First amounts payable: 1. Basic...10% of claim, minimum R Aug 2012 Printed by K.I.S. Page: 13

14 SASRIA : MATERIAL DAMAGE ITEM DETAILS EFF. DATE SUM INSURED/LIMIT REF 1 SASRIA - BUILDINGS 01 Aug PERSONAL 01 Aug CONTENTS 01 Aug GARDEN & OTHER MAINTENANCE 01 Aug