Page 107 - Hollard Private Portfolio - Version 3.4

Motor
Key terms to understand
You
Vehicle
Factory-fitted accessories
Aftermarket accessories
Includes yourself, your spouse and any members of your immediate family who normally reside with you, and are financially dependent on you.
The vehicle stated in your Schedule.
Factory-fitted accessories are those items that are originally fitted by the manufacturer during the production of the vehicle and are included in the manufacturer’s specification. The value of these accessories are included in the retail value supplied by TransUnion or any similar publication approved by us.
Aftermarket accessories are those items not fitted by the manufacturer during the production of the vehicle. These accessories will include:
○ optional or additional accessories that you or any previous owners of the vehicle requested the motor dealer to have fitted to the vehicle, before the vehicle was purchased
○ an accessory that you or any previous owners of the vehicle bought separately and had fitted after the vehicle was purchased.
These accessories increase the value of the vehicle and are not included in the retail value supplied by TransUnion or any similar publication approved by us. If you want them covered, you must insure them separately.
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.
Total loss means that your car is not recovered after it is stolen or hijacked, or that your car is so badly damaged that it is unsafe or uneconomical for us to repair (in other words, your motor vehicle is a write-off).
Your vehicle is so badly damaged that it cannot be repaired economically; or it has been stolen and cannot be recovered.
The sum insured for your vehicle is either the retail value or an agreed value. Check your Schedule now to see on what basis your vehicle is insured for.
Third party Total loss
Write-off Sum insured
Vehicle – full definition
Your vehicle includes all standard parts and accessories that are originally fitted by the manufacturer during the production of the vehicle and are included in the manufacturer’s specification. 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 station 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, motorised lawnmower, three-wheeled vehicle or golf cart.
Conditions of use of your vehicle
How you may use your vehicle
This insurance policy carefully defines how you may use your vehicle in order for the cover to be valid. There are three categories of use:
○ Private
Private use (social, domestic, pleasure), as well as emergency travel to and from work.
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