Page 99 - Sectional Title Policy Wording

Motor
Repatriation of vehicles used outside the territorial scope
If an insured vehicle is lost or damaged within the territorial scope of this Policy but outside the Republic of South Africa, the following conditions shall apply, without exception:
1. if the insured vehicle is lost or damaged Hollard will pay for costs incurred:
1.1 occupants:
in repatriating up to 4 (four) occupants back to the place of residence within the Republic of South Africa subject to a maximum amount of R10 000 (ten thousand rand) per event;
1.2 vehicle transport cost:
for the costs and expenses of transporting the vehicle to the nearest border post in the Republic of South Africa or as agreed with Hollard subject to a maximum of R5 000 (five thousand rand) per event;
1.3 temporary repairs:
or the costs of any temporary repairs undertaken by a repairer situated outside the Republic of South Africa subject to a maximum of R5 000 (five thousand rand);
PROVIDED THAT:
You will provide Hollard with all relevant and supporting documentation relevant to the costs incurred on request. This extension is only applicable to private type motor cars and light commercial vehicles up to a GVM of 3 500 kg (three thousand five hundred kilograms).
Roadworthiness/compliance
You must maintain the insured vehicle in an efficient and roadworthy condition in compliance with the National Road Traffic Act 93 of 1996 (as amended or substituted) and the Regulations promulgated thereunder, or any similar legislation which applies to the Territorial Limits.
Spare parts
In the event of any part being unprocurable as a standard (ready-manufactured) article within the Republic of South
Africa, the liability of Hollard will be discharged by the payment of an amount equal to the value of such part at the time of loss but not exceeding the manufacturer's latest price list operative in the Republic of South Africa and the reasonable cost of freight, other than by air, and current labour charge applicable thereto.
Tracking device
If the tracking device fitted to the vehicle is unrecoverable or damaged beyond repair, Hollard will pay the reasonable replacement value of such device up to R1 500 (one thousand five hundred rand).
Vehicle replacement
Hollard will instead of a monetary payment and subject to Your consent and/or of any other interested party known to Hollard replace the said motor vehicle with a new motor vehicle of the same type and model (subject to the availability thereof) if within 12 (twelve) months after the first registration of the vehicle and subject to it not having been driven for more than 30 000 km (thirty thousand kilometres);
PROVIDED THAT:
1. the loss of the vehicle is as a result of theft and if the said vehicle cannot be traced within a reasonable period after the theft thereof has been reported to Hollard; or
2. the vehicle is damaged to the extent that the cost of repairs exceeds 70% (seventy percent) of its list price plus taxes when new;
PROVIDED FURTHER THAT:
1. the basis of indemnity will be the current cost of a new motor car of the same or similar model subject to a limit of 120% (one hundred and twenty percent) of the maximum indemnity as stated in the Schedule (less the First Amount Payable);
2. in the event of a vehicle being replaced under the circumstances as described in Provision 1 and 2 above, Hollard will be entitled to the possession and ownership of the lost or damaged vehicle.
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