INSURED: SAFEWAY HYPERMARKET LIMITED

PREMIUM QUOTATION - YEAR 2023/2024 INSURANCES

CLASS INTERESTS INSURED SUMS INSURED RATES PREMIUM EXCESS / REMARKS

1 FIRE & PERILS On Buildings of 1st class construction Incuding EartQuake Whats Covered:- Perils A-H
Damage to property caused by:-
Business Occupancy T-MALL 1,285,000,000 0.100% 1,285,000 Type & Class: 1st Class •Fire •Lightning •Explosion of boilers or gas used for domestic purposes.
Use: TBA
A. Hail, Snow, Wind, Hurricane, Cyclone, Tornado or Typhoon. B. Rain (so long as
Buildings and Parking Silo damaged by perils mentionen in 'A' above C. Flood D. Overflowing of guttering & down
On Machiney Items as provided down pipes in connection therewith, or bursting or overflowing of municipal or other
public water supply mains E. Bursting or overflowing of water tanks, apparatus or
pipes, excluding damage thereto F. Aircraft and other aerial devices and/or articles
dropped therefrom G. Impact with any of the said buildings insured under this policy
&/or any walls, gates & fences around & pertaining hereto, by road vehicles, horses or
cattle not belonging to or under the control of the insured his agent or servant
H. Subterranean Fire

CLAUSES
• Electric Clause I • Average will apply in case of under insurance • Safe & books clause
• Petrol and mineral oil warranty • Earth quake memo • Terrorism exclusion clause
• Political risk exclusion clause
• Hazardous goods warranty
Location • 72 Hours Clause, 85% Special Cond. of Average

1,285,000 Excess:-
1,285,000 Acts of God - 10% of eel, minimum 0.5% of sum insured
LEVIES 0.450% 5,783 All other claims - 10% of eel, minimum 0.25% of sum insured
S/DUTY 40 Earthquake Excess -2% of sum insured max 10,000,000/-
PREMIUM 1,290,823 Other exclusions, terms and conditions as per Pacis Insurance Co. Ltd policy document
2 FIRE CONSEQUENTIAL LOSS Loss of gross profits Subject to:-
Idemnity period - 12 Months
328,000,000 Payment on account
Denial of Access
Time excess - 30 days
7 days cancellation notice
Other exclusions, terms and conditions as per Pacis Insurance Co. Ltd policy document
328,000,000 0.10% 328,000

328,000
LEVIES 0.450% 1,476
S/DUTY 40
PREMIUM 329,516
3 POLITICAL VIOLENCE AND TERRORISM Material Damage Subject to:-
T-MALL 1,613,000,000 0.040% 645,200 10% of eel, min 0.5% of sum insured
Beazleys PTS wordings
Conditions
Laws & Jursdiction of Kenya
Covers:-
Act of Terrorism
Sabotage
Riots, Strikes and/or Civil commotion
Malicious Damage
Insurrection, Revolution or Rebellion
LEVIES 0.45% 2,903 Mutiny and/or Coup d'Etat
S/ DUTY 40 7 days cancellation notice
PREMIUM 648,143 Other exclusions, terms and conditions as per Pacis Insurance Co. Ltd policy document
THIS QUOTATION IS AN INVITATION TO OFFER AND DOES NOT CONSTITUTE AN OFFER
THIS INVITATION IS SUBJECT TO PACIS INSURANCE STANDARD POLICY WORDINGS.
THIS QUOTATION IS VALID FOR 30 DAYS
DATE : 15/05/2023 TOTAL PREMIUM 2,268,482
PREPARED BY:-ANNE W MWAURA
APPROVED BY:- MICHAEL OKOTH