Page 94 - CCA Platinum Policy Wording

Motor – Comprehensive cover
ADDITIONAL COVER YOU CAN CHOOSE
Check your schedule
The cover in this section applies only if you have specifically asked for it to be included as part of your policy. If you are unsure, please check your schedule.
Paying off your vehicle
If your vehicle is a write-off and you are still paying it off, we will settle the amount still outstanding. The amount paid out is calculated as if your credit agreement was an instalment agreement paid in equal instalments over a number of years.
It does not include:
○ any arrear instalments or rentals (payments you may have missed as part of your credit agreement), or any interest still owing on them
○ any premium refunds or recoveries from any insurance policy
○ any higher amounts outstanding as a result of a residual/balloon payment1, credit agreement, or unequal
instalments over the agreement period.
Car hire
We will arrange a rental car for you if your vehicle is damaged or stolen. The maximum capacity of the rental vehicle will not exceed 1600 cc.
The rental will be on an unlimited-mileage basis, excluding the cost of fuel, lubricants or maintenance, and subject to the standard conditions of the rental company.
The rental must start within 10 days after a theft or an accident. It will end one day after your vehicle is repaired, replaced, or we have paid you.
The rental will not exceed 30 days.
Non-standard accessories
We will pay you for the loss of or damage to non-standard accessories fitted to your vehicle.
1 A final payment on a credit agreement that is significantly larger than the usual instalments, and pays off the entire debt.
Make sure you are fully aware of the terms and conditions of the rental contract you sign with the rental company to avoid not having cover in the event of loss or damage.
92 HBM – CC&A Plain Language – 23 June 2014