Page 105 - Hollard - Private Portfolio Policy Wording

Motor
Key terms to understand
You
Vehicle Third party
Write-o
Sum insured
Includes yourself, your spouse and any members of your immediate family who normally reside with you, and are nancially dependent on you
The vehicle stated in your Schedule
Someone other than yourself who is involved in an insured event – for example, an injured pedestrian or the driver of a car that is involved in an accident with you
Your vehicle is so badly damaged that it cannot be repaired economically; or it has been stolen and cannot be recovered
The value of your vehicle is calculated by reference to accepted industry authori es such as Auto Dealers, Motorcycle Dealers or Commercial Vehicle Guides (published Dealers Guides by TransUnion Auto (Pty) Ltd). These publica ons list "Retail" and "Trade" values based on actual transac ons. The value will be adjusted taking into account factors such as condi on and mileage of the vehicle. Alterna vely we rely on the informa on supplied by an expert
Vehicle – full de ni on
Your vehicle includes all factory- ed parts and accessories. It may be any one of the following:
○ a private car, minibus or similar vehicle designed to carry up to 12 people, including the driver
○ a sta on wagon, motorised caravan, 4x4 vehicle, 4x2 vehicle, or light delivery vehicle, with a gross vehicle mass of no more than 3 500 kg
○ a trailer or caravan which is not motorised, and which is designed or adapted for towing by a vehicle as described above
○ a motorcycle, scooter, quad-bike, three-wheeled vehicle or golf cart
○ any vehicle that is temporarily used by you as a replacement while your insured vehicle is out of use for the purpose of overhaul, upkeep or repair up to the sum insured in the Schedule.
Condi ons of use of your vehicle
How you may use your vehicle
This insurance policy carefully de nes how you may use your vehicle in order for the cover to be valid. There are three categories of use:
○ Private
Private use (social, domes c, pleasure), as well as emergency travel to and from work.
Hollard Private Por olio 103