Page 124 - Hollard Private Portfolio - Version 3.4

Special conditions
○ You must sign all documentation required by the vehicle hire company because the rental agreement is between you and the vehicle hire company contracted by us.
○ Only the person that received permission from the vehicle hire company may drive the rental vehicle. That person must be in the possession of a valid driver’s licence.
○ We will not pay the cost of the vehicle hire if you do not keep to the terms, conditions and insurance requirements of the vehicle hire company.
Extension of liability
You are already covered for liability to third parties as explained earlier. This benefit extends that liability cover to a company where you are a director, or a close corporation where you are a member, if the company or close corporation are held legally liable for an accident that you are responsible for. The following conditions apply to this cover:
○ You were driving the vehicle in the course of your employment as at the time of the event.
○ The vehicle was used in accordance with the type of use as shown in your policy schedule.
○ No other exclusion applies to the claim.
○ The company or close corporation is not involved in the hiring of vehicles or the carrying of fare-paying passengers.
○ The liability is not covered under any other insurance policy.
○ Only the policyholder is covered for this benefit – it does not extend to cover the liability of any employees of
the company or close corporation who may be driving your vehicle.
Keys, locks and remote controls – increased cover
We will cover the costs for the following:
○ Replacing stolen or damaged keys, remote control units and locks for your vehicle.
○ Replacing keys and remote control units of your vehicle if you suspect that an unauthorised person is in possession of duplicates.
○ Re-programming of any related vehicle systems, like central locking and alarm systems.
○ If the keys are stolen from your home and you are also covered under the Buildings or Household contents section, then we will cover your claim under this cover section and not under the Buildings or Household contents section.
This is additional cover, and applies if the limited cover is not enough to replace your keys, locks or remote controls. The limit for this cover is in addition to the limit provided under the heading We also cover you for.
Paying off your vehicle
If your vehicle is a total loss and you are still paying it off, there might be a difference (shortfall) between your outstanding loan amount on your vehicle finance agreement and the value your vehicle is insured for. This benefit covers you for that shortfall, but only up to limit stated in your policy schedule, and subject to the conditions below:
What we will pay to the financial institution
When we settle your claim, our total payment to the financial institution will be calculated as follows:
○ The sum insured of your vehicle, plus the sum insured of any accessories and equipment that are included in your loan amount.
○ PLUS: The difference between your outstanding loan amount and the above, limited to the amount stated on your policy schedule.
○ LESS: The total of any costs that are not covered as shown under What we do not cover.
What we will pay to you
If you insured any accessories that are not financed as part of your loan amount, we will pay the value of these accessories to you, and not to the financial institution.
Motor
122 Hollard Private Portfolio – Version 3.4 – 17 Aug 2023