Page 112 - Policy Wording - Hollard Prestige Portfolio

110 Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
Section 8 – Motor vehicle
○ Temporary vehicle rental means when you hire or rent a vehicle from a car rental company for holiday, business
use or other purposes and you have a loss or there is damage to this vehicle while it is in your possession or
control. The car rental company will hold you liable to pay an excess. We will pay your excess up to the limit stated
in the schedule subject to the following conditions:
– the vehicle is rented for a maximum of 45 days or less
– we will not pay if the driver of the rental vehicle is not the same as the driver declared to the car rental
company.
○ Temporary substitute vehicle means we provide cover for loss or damage to any substitute vehicle that is of a
similar type or specification to your motor vehicle provided that:
– your motor vehicle cannot be driven, for example it is being repaired, serviced or has had a mechanical
breakdown
– we cover you for up to 14 days from the day your motor vehicle is not driveable, or until it is returned,
whichever the lesser
– there is no insurance that covers the substitute vehicle
– cover is limited to the sum insured of the existing motor vehicle stated in the schedule.
The excess stated in the schedule applies to this cover.
○ Towing and storage costs – we will pay for these costs provided you have made contact with your broker to
arrange for towing and storage when required. Your vehicle must be towed by Hollard-approved service provider
that has been sent or authorised by your broker of Hollard. If you do not contact your broker or Hollard, cover for
towing and storage costs will be limited to the amount stated in the schedule.
○ Transport cover means loss or damage for accident, theft or attempted theft, fire, lightning, explosion or
overturning of the motor vehicle when:
– being transported by a nationally recognised professional transport contractor or railway to or from any
local destination, or
– being transported by sea between ports within South Africa, by air or to places in the countries in which
the cover under this policy is valid,
including the loading and unloading of the motor vehicle.
○ Vehicle transfer cover for any vehicle you buy means we cover loss of or damage to a vehicle you have purchased,
but only for the first 72 hours after you have taken physical possession of the vehicle. This cover applies only if all
of the following conditions are met:
– you have purchased the vehicle from a member of the motor trade
– the seller has no insurance that covers the vehicle
– you have at least one motor vehicle insured for comprehensive cover under this policy