Page 110 - Hollard - Private Portfolio Policy Wording

Agreed value
If your vehicle’s value can no longer be determined by reference to the industry authori es, and you have supplied us with wri en proof of the value of your vehicle, then we may accept that gure and call it the agreed value. The valua on may be obtained from an expert, such as a motor dealer or motor club. All claims will be se led based on this agreed value, provided you supply an updated valua on at every renewal date of your policy. If you do not, we will use a valua on from an expert, taking into account the condi on and mileage of your vehicle.
Check your Schedule now to see whether we have agreed a value for your vehicle.
Reduced pay-out for Code 3 or SAPVIN vehicles
If your vehicle is classi ed on eNaTIS1 as a Code 3 vehicle or SAPVIN, and it is wri en o or stolen, we may reduce your pay-out by a minimum of 30% of the retail value. When calcula ng the retail value we will take into account factors such as condi on and mileage of the vehicle
A Code 3 vehicle is a new or used motor vehicle that has been rebuilt a er sustaining damage in an accident or incident. Even though it is roadworthy and complies with all relevant legisla on, it always carries a Code 3 ra ng.
A SAPVIN (SA Police Vehicle Iden ca on Number) code vehicle can be allocated only by the Police when a vehicle’s VIN number has been tampered with. The VIN number usually starts with AAPV.
If your vehicle is more than 12 months old
If your vehicle is more than 12 months old and cannot be repaired, we will pay you its retail value. When calcula ng the retail value we will take into account factors such as condi on and mileage of the vehicle
If your vehicle is less than 12 months old
If you are the rst registered owner of your vehicle, and it is less than 12 months old with less than 30 000 km on the odometer, we may replace it with a similar vehicle or pay you the list price of a new one. This applies when your vehicle is a write-o or has been stolen.
If a part is not available
If a part needed for the repair of your vehicle isn’t available in South Africa as a standard (ready-made) part, we will pay an amount equal to the value of that part. We will also pay all reasonable costs to transport the part up to the limit stated in the Schedule.
Do we always use new parts?
If your vehicle is s ll covered by the standard manufacturer’s warranty we will always use new "Original Equipment Manufacturer" (OEM) parts only. A er that we may use second-hand parts of similar age and condi on as your vehicle. We may also use new OEM parts or cer ed parts from other manufacturers.
1 eNaTIS (Electronic Na onal Tra c Informa on System) is the motor-vehicle registra on system of the Na onal Department of Transport.
Motor
108 Hollard Private Por olio