WHAT YOU ARE COVERED FOR UNDER THE FIRE SECTION ON THE COMMERCIAL POLICY
Attached hereto please find a copy of the Fire Policy Wording
FIRE COVER IS AIMED AT COVERING EITHER ONE OR ALL OF THE FOLLOWING – whichever is noted on the policy:
. Business premises/Buildings including outbuildings/walling/paving etc.
. Stock.
. Plant & Machinery – including shelving and relatively large machinery used in the operation of your business.
This could also include Forklifts that DON’T actually ride on public roads.
. Geysers.
. Miscellaneous items not mentioned above that are specified.
FIRE COVER PROTECTS AGAINST THE FOLLOWING PERILS:
Fire, Lightning & Thunderbolt, Explosion, Weather & Water, Power Surge (with conditions), Malicious Damage and Additional Perils stated in the Schedule.
EXTENSIONS available under this cover that need to be requested are:
. Leakage Extension- stated sum insured (ie. Leakage from Sprinkler, Drencher System or Fire Extinguisher installation/appliance).
. Subsidence & Landslip.
. Leakage of Oils & Chemicals.
. Riot & Strike (other than RSA and Namibia).
NO THEFT COVER UNDER THIS SECTION
This section does not cover THEFT of any of the above-mentioned assets.
This section does not cover WEAR & TEAR of any items.
RE-BUILDING/REPLACEMENT COSTS
. It is imperative that you insure your buildings for REBUILDING COSTS and NOT RESALE COSTS as under-insurance will lead to average being applied and your claim being under paid.
. The same applies to STOCK, MACHINERY and other STATED ASSETS. REPLACEMENT VALUE is the value that you need to insure them for, not cost price.
RISK REQUIREMENTS
Santam will normally do a Survey of your business premises and advise you of specific risk requirements, but basic SAIA approved Fire Hydrants, that are serviced annually by an approved body, are always a requirement for Fire Cover.
Please contact us if you have any queries in this regard.