Page 109 - Policy Wording - Hollard Prestige Portfolio

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Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
Section 8 – Motor vehicle
– Third party, fire and theft cover means legal liability for damage to other people’s property, or for loss of or
damage to the motor vehicle which results from fire, lightning, explosion or self-ignition, theft or hijacking
or attempt thereat.
– Third party cover means legal liability for damage to other people’s property, but damage to your own
motor vehicle is excluded from cover.
○ The following vehicle use options indicate your selection of use and it is important that you understand the
difference in cover. Your cover option will be stated in your schedule against each insured motor vehicle. The
following definitions describe your vehicle use options:
– Business use means we will cover you for private, domestic, pleasure, professional and business travelling.
When you use your vehicle for business such as visiting clients without carrying tools, machinery and
stock, it qualifies as business use. You are allowed to carry small samples of the stock you trade in such as
Tupperware, carpets or materials. If, however, you use your vehicle to load machinery (such as generators
or lawnmowers), tools (such as for plumbing or carpentry) or stock (such as copper pipes, wood) for a
specific job or project, then that is commercial travel and not covered under this policy. If your vehicle
is available as an employee pool-car and can be used by multiple drivers, it is commercial travel and not
covered under this policy.
– Reduced cover when vehicle is not being used means if your vehicle is not being used for an extended
period, you may ask us to lower your premium for that period. This is known as 'laid-up' cover. If we agree,
you may not use your vehicle outside of the premises where it is being kept. The cover consists only of
accidental damage to the vehicle itself, and excludes liability to third parties. The cover is not available if
your vehicle is a caravan or motorised caravan.
– Limited use means we will cover you for irregular use for private, domestic, pleasure and professional
purposes including journeys to and from any place of employment, but limited to 5 000 km per annum.
– Social use means we will cover you for private, domestic, pleasure purposes, including use for journeys to
or from any place of employment, but excluding all business or professional use. Under this use option the
vehicle should not travel more than 15 000 km per annum.
– Social and professional use means we will cover you for private, domestic, pleasure and professional
purposes, including journeys to and from any place of employment and irregular business use (not more
than twice a week).
Uses that are specifically not covered:
– any use that is contrary to the option you have exercised
– the carrying of any goods or passengers, which is greater than the mass or number of passengers the
vehicle is licensed to carry
– renting the vehicle out
– carrying of passengers for financial gain whether on a fare-paying or hire basis
– racing or speeding of any sort
– driving on a course or racetrack, whether as part of an event or not
– paid driving instruction