Page 112 - Hollard Private Portfolio - Version 3.4

○ If a tracking device is either:
– a requirement for your vehicle; OR
– not a requirement for your vehicle but you decide to get one and it is noted in your policy schedule and the appropriate premium discount has been given then we will not pay a claim for theft or hijacking in any of the following instances:
▪ The tracking device is not of the type stipulated in your policy schedule.
▪ The tracking device was not in working order at the time of the incident.
▪ Your contract was not active at the time of the incident.
▪ You did not comply with the conditions of that contract.
▪ You did not report the theft or hijacking to the tracking company immediately after the incident.
Drivers must be competent
We may, at our discretion, ask you to supply either of the following from time to time:
○ Written confirmation from a registered medical practitioner that the driver is fit to drive.
○ The results of a driver’s assessment. Drivers must be licenced
Any driver of your vehicle must comply with the terms and conditions of this policy and must have a valid driver’s licence.
○ If your vehicle is used in South Africa, the driver must be in possession of a valid South African driver’s licence, or a valid driver’s licence that complies with South African legislation.
○ A person with a valid learner’s licence must be accompanied by a person with a valid driver’s licence.
○ A valid driver’s licence is a licence that has not been cancelled, suspended or endorsed.
○ In terms of South African legislation, an international, commonwealth or neighbouring country driver’s licence must be converted to a South African licence within the regulated time of the driver becoming a permanent resident, otherwise the licence is invalid and the driver will be considered unlicensed.The code on the driver’s licence must allow the driver to drive your vehicle, or to tow the size of load that your vehicle is used for.
If your vehicle is used in another country covered under this policy, the driver must have a valid driver’s licence as required by the country in which your vehicle is used.
Notify us of certain traffic offences
You must notify us if you have been charged or convicted of reckless or negligent driving.
This also applies to any person who may have been driving your vehicle at the time with your permission.
Your vehicle must be registered and licenced
Your vehicle must be registered in South Africa and it must have a valid licence. Your claim may be affected if your vehicle is not licensed or if its licence has expired.
How much we pay
How we calculate sum insured
The retail value of your vehicle is the value from the Auto Dealer’s Guide published by TransUnion Auto Information Solutions (Pty) Limited, or any similar publication approved by us. It is the price most dealers would be prepared to sell your car for, based on the mileage and condition of the car. Where no provision is made in such publications, the average value given by independent motor industry sources of our choice will be used.
○ The retail value includes most of the standard and optional factory-fitted accessories that are listed in the manufacturer’s specifications. However, there are instances where optional factory-fitted accessories are not included in the retail value.
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Hollard Private Portfolio – Version 3.4 – 17 Aug 2023